Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8% simple interest. Find the ordinary interest and amount on 2,200 at 4 3/8% simple interest from September 9, 1990 to April 16,1991.

Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8% simple interest. Find the ordinary interest and amount on 2,200 at 4 3/8% simple interest from September 9, 1990 to April 16,1991.

Name: Using the four methods, find the interest on 6,700 from October 29, 19
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Description: Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8% simple interest. Find the ordinary interest and amount on 2,200 at 4 3/8% simple interest from September 9, 1990 to April 16,1991.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Only typed answer Find both the exact and ordinary interest on $33,700 at 11 1/4% for 140 days. Then find the amount by which the ordinary interest is larger.
Please give me calculation for this

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