Find both the exact and ordinary interest on $35,900 at 15-% for 161 days. Then find the amount by which the ordinary interest is larger. 4 1 The exact interest on $35,900 at 15-% for 161 days is $ 4 (Round to the nearest cent.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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**Homework: HMK 9.1 - Simple Interest**

*Course: MTH 130 - ONLINE - FALL 2020 - LINKED*

**Problem 9.1.9**

Score: 0 of 1 pt

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Find both the exact and ordinary interest on $35,900 at 15 1/4% for 161 days. Then find the amount by which the ordinary interest is larger.

The exact interest on $35,900 at 15 1/4% for 161 days is $____.  
(Round to the nearest cent.)

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**Instructions:**

- Enter your answer in the answer box and then click "Check Answer."
- 2 parts remaining

**Navigation:**  
4 of 12 (7 complete)

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**Note:**

There are no graphs or diagrams provided in this homework problem. The task involves calculating simple interest using given parameters and comparing exact and ordinary interest.
Transcribed Image Text:**Homework: HMK 9.1 - Simple Interest** *Course: MTH 130 - ONLINE - FALL 2020 - LINKED* **Problem 9.1.9** Score: 0 of 1 pt --- Find both the exact and ordinary interest on $35,900 at 15 1/4% for 161 days. Then find the amount by which the ordinary interest is larger. The exact interest on $35,900 at 15 1/4% for 161 days is $____. (Round to the nearest cent.) --- **Instructions:** - Enter your answer in the answer box and then click "Check Answer." - 2 parts remaining **Navigation:** 4 of 12 (7 complete) --- **Note:** There are no graphs or diagrams provided in this homework problem. The task involves calculating simple interest using given parameters and comparing exact and ordinary interest.
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