Question: Compute the ordinary interest, the exact interest, and their difference. Round answers to the nearest cent. Principal Rate Time Ordinary Interest Exact Interest Difference $2,700
Compute the ordinary interest, the exact interest, and their difference. Round answers to the nearest cent.
| Principal | Rate | Time | Ordinary Interest | Exact Interest | Difference |
| $2,700 | 8% | 138 days | $ | $ | $ |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
