Word Problem $10-23($Algo$)[$LU $10-3(1)]$

Max Wholesaler borrowed $$9,500$ on a $12\%,120-$day note. After $45$ days, Max paid $$3,325$ on the note. Thirty days later, Max paid an

additional $$2,850.$ Use ordinary interest.

a$.$ Determine the total interest using the U$.$S$.$ Rule.

Note: Round your intermediate balances and interest amounts to the nearest cent. Round your final answer to the nearest cent.

Total interest amount

b$.$ Determine the ending balance due using the U$.$S$.$ Rule.

Note: Round your intermediate balances and interest amounts to the nearest cent. Round your final answer to the nearest cent.