Question: ACTIVITY 2 Find what is required in each problem 1) Find the four types of interest on $18,250 at 9% interest rate from December 25,

ACTIVITY 2

Find what is required in each problem

1) Find the four types of interest on $18,250 at 9% interest rate from December 25, 2010 to March 7, 2011.

2) Find the four types of interest on $109,500 at 8% interest rate from September 11, 2010 to December 16, 2010.

3) Find the ordinary and exact interest on $58,000 at 8 1/2 % interest rate for 65 days.

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