3 years ago

Principal = 2,550 Rate 10.5% Time=58days Find the exact interest and Ordinary Interest

1 answer:

7 0

Answer:

(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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