7 Use the ordinary interest method to compute the time (in days years) for the loan Round your answer up to the next highest day when necessary A Principal Rate ( ) Time Interest $7,100 10 4 days $225 B Principal Rate ( ) Time Interest $25,000 8 1 years $10,125 C Carlos takes out a loan for $10,300, at 8 ordinary interest If the amount of interest is $329 60, what is the time period (in days) of the loan Round any fraction to the next higher day days

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Question: 7. Use the ordinary interest method to compute the time (in days & years) for the loan. Round your answer up to the next highest

7. Use the ordinary interest method to compute the time (in days & years) for the loan. Round your answer up to the next highest day when necessary.

Principal	Rate (%)	Time	Interest
$7,100	10.4	____days	$225

Principal	Rate (%)	Time	Interest
$25,000	8.1	_____years	$10,125

C. Carlos takes out a loan for $10,300, at 8% ordinary interest. If the amount of interest is $329.60, what is the time period (in days) of the loan? Round any fraction to the next higher day.

____days

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