Question:

Compute the ordinary interest (360-day year) and the total

Last updated: 7/10/2022

Compute the ordinary interest (360-day year) and the total

Compute the ordinary interest (360-day year) and the total amount of the loan in the following problems. Round answers to the nearest cent. Principal, Rate and Time $18,800 at 4% for 135 days Ordinary Interest: $752.00; Amount: $19,552.00 Ordinary Interest: $228.00; Amount: $19,028.00 Ordinary Interest: $282.00; Amount: $19,082.00 Ordinary Interest: $382.00; Amount: $19,182.00