23.03.2023 - 06:45

Compute (a) the ordinary interest, (b) the exact interest, and (c) their difference. Round answers to the nearest cent. Principal, Rate, and Time: $2,625 at 5% for 120 days. a. Compute the ordinary i

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Compute (a) the ordinary interest, (b) the exact interest, and (c) their difference. Round answers to the nearest cent. Principal, Rate, and Time: $2,625 at 5% for 120 days.

a. Compute the ordinary interest

b. Compute the exact interest

c. Compute their difference

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