Find the amount by which the ordinary interest is larger than the exact interest. Round to the nearest cent.
-$18,600 at 5% for 120 days
A)$2.75
B)$310.00
C)$5.75
D)$4.25

Question

Quizplus · Accepted Answer

The Answer of Find the amount by which the ordinary interest is larger than the exact interest. Round to the nearest cent.
-$18,600 at 5% for 120 days
A)$2.75
B)$310.00
C)$5.75
D)$4.25

Find the Amount by Which the Ordinary Interest Is Larger