7. [-/1 Points] DETAILS MY NOTES BRECMBC9 10.1.044. ASK YOUR TEACHER Central Auto Parts borrowed $450,000 at 9% interest on July 12 for 140 days. (a) If the bank uses the ordinary interest method, what is the amount (in $) of interest on the loan? (b) What is the maturity date? -Select- Need Help? Read It SUBMIT ANSWER 8. [-/1 Points] DETAILS MY NOTES BRECMBC9 10.11.002. ASK YOUR TEACHER Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest 15 years $630 Need Help? Read It SUBMIT ANSWER 9. [-/1 Points] DETAILS MY NOTES BRECMBC9 10.11.010. ASK YOUR TEACHER Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $42,000 60 days $651 Need Help? Read It SUBMIT ANSWER 10. [-/1 Points] DETAILS MY NOTES BRECMBC9 10.11.016. ASK YOUR TEACHER Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (% ) Time Interest $7,800 10.4 days $225 Need Help? Read It SUBMIT ANSWER 11. [-/1 Points] DETAILS MY NOTES BRECMBC9 10.11.022. ASK YOUR TEACHER Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate Time Interest (/% ) days Method Interest Maturity Value (in $) $19,000 13 days Ordinary $740