Question: Adrian was charged $ 2 3 0 . 0 0 interest on his bank loan for the period July 2 0 to September 2 8

Adrian was charged $230.00 interest on his bank loan for the period July 20 to September 28 of the same year. If the annual rate of interest on his loan was 4.00%, what was the outstanding principal balance on the loan during the period? For full marks your answer(s) should be rounded to the nearest cent.

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