Answer:
the interest is $26.03
Step-by-step explanation:
The computation of the interest is shown below:
As we know that
Simple interest = Principal × rate of interest × number of days ÷ total number of days
= 7310 × 10% × 13 ÷ 365
= $26.03
We assume that in a year there are 365 days
Hence, the interest is $26.03
The same would be considered
