b) Using exact interest, find the interest amount (?). B-A dealer borrowed $5000 on a 110-day 2% simple interest note. He paid $1000 toward the note on day 30. On day 80 he paid an additional $1000. Assume 360-day year, what is his ending balance due? (7 points) C-A Supplier borrowed $ 89,600. The loan was for 14 months at a simple interest rate of 3%. What is the interest and the maturity value? (6 points) (7+7=6=20 marks) b) Using exact interest, find the interest amount (?). B-A dealer borrowed $5000 on a 110-day 2% simple interest note. He paid $1000 toward the note on day 30. On day 80 he paid an additional $1000. Assume 360-day year, what is his ending balance due? (7 points) C-A Supplier borrowed $ 89,600. The loan was for 14 months at a simple interest rate of 3%. What is the interest and the maturity value? (6 points) (7+7=6=20 marks)