Question: On April 5 , 2 0 2 2 , Janeen Camoct took out an 5 . 2 5 % Ioan for $ 1 1 ,
On April Janeen Camoct took out an Ioan for $ The loan is due March Janeen's terms are ordinary interest. Sabrina Bowers took out the same loan as Janeen. Sabrina's terms, however, are exact interest. Ignore leap year.Use Days in a year table.
a What is Sabrina's difference in interest?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Difference
b What will Sabrina pay on March
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
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