Question: Show solution. Explain each. 2. (Simple Interest) Consider a 2,200 pesos at 7% interest for 100 days. Find the simple interest using: (a) Exact Interest

Show solution. Explain each.

2. (Simple Interest) Consider a 2,200 pesos at 7% interest for 100 days. Find the simple interest using: (a) Exact Interest (b) Ordinary Interest (c) Banker's Rule

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