Question: On September 1 2 , 2 0 2 3 , Jody Jansen went to Sunshine Bank to borrow $ 2 , 3 0 0 at
On September Jody Jansen went to Sunshine Bank to borrow $ at interest. Jody plans to repay the loan on January Assume the loan is on ordinary interest. Kelly O'Brien met Jody Jansen at Sunshine Bank and suggested she consider the loan on exact interest.
Required:
Complete the following using the information above and ordinary interest:
Time in days
Interest ordinary interest
Interest exact interest
Interest saved using exact interest
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