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On October 1, 2020, PNC Bank lends Peter's Landscaping, Inc. $50,000 for 6- months with an APR of 8%. What is the amount of interest

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On October 1, 2020, PNC Bank lends Peter's Landscaping, Inc. $50,000 for 6- months with an APR of 8%. What is the amount of interest earned for 2020 by PNC Bank from the Peter's Landscaping, Inc. loan - use 30 days each month, 360 days each year? (no dollar sign or commas)

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