Alexander Carver loaned $3,00 . to Bonnie Humphrey for a vacation trip. Compute the loan period if Alexander charged 10% exact simple interest (365-day year) and Bonnie repaid a total of $3,082.19 . (To the nearest day.)
Indicate whether the statement is true or false
T = I ÷ (PR) = $82.19 ÷ ($3,00 . × 0.10) = 0.2740 year; 0.2740 × 365= 100.01, = 100 days
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