Complete the following using ordinary interest and explain your final answer.

Complete the following, using ordinary interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the "Interest" and "Maturity value to the nearest cent.) Exact time Interest Principal Interest rate $ 2,800 7% Date borrowed Date repaid Mar. 09 June 12 Maturity value $ S TABLE 7-1 Exact days-in-a-year calendar (excluding leap year) 30 Day of month 31 Jan. 28 Feb. 31 Mar. 30 Apr. 31 May 30 June 31 July 31 Aug. 30 Sept. 31 Oct. Nov. 31 Dec. 1 1 32 60 91 121 152 182 213 244 335 274 275 2 33 61 92 122 153 183 245 336 N 214 215 3 3 34 62 93 123 154 184 246 276 337 4 4 35 63 94 124 155 185 216 247 277 305 306 307 308 309 310 311 338 5 5 5 5 36 64 95 125 156 186 217 248 278 339 6 6 37 65 96 126 157 187 218 249 279 340 7 7 38 66 97 127 158 188 219 250 280 341 8 39 67 98 128 159 189 220 251 281 312 342 000 9 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 11 11 42 70 101 131 162 192 223 254 284 315 345 12 12 43 71 102 132 163 193 224 255 285 316 346 13 13 44 72 103 133 164 194 225 256 286 317 347 14 14 45 73 104 134 165 195 226 257 287 318 348 15 15 46 74 105 135 166 196 227 258 288 319 349