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16 September, 01:58

Principal = 2,550 Rate 10.5% Time=58days

Find the exact interest and Ordinary Interest

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Answers (1)
  1. 16 September, 02:47
    0
    (a) $ 42.55

    (b) $ 43.14

    Step-by-step explanation:

    I = PRT

    (a) I = 2,550 * 0.105 * 58/365 = $ 42.55 (rounded)

    (b) I = 2550 * 0,105 * 58/360 = $ 43.14 (rounded)
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