[Answered] What is the difference between the exact simple interest and the ordinary simple interest on a ...

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Author Question: What is the difference between the exact simple interest and the ordinary simple interest on a ... (Read 141 times)

Kthamas

Hero Member
Posts: 546

on: Jun 24, 2018

What is the difference between the exact simple interest and the ordinary simple interest on a 200-day loan of 5,000 at 12?
A) 15.65
B) 14.16
C) 6.56
D) 4.56

Question 2

What is the exact simple interest on a 150-day loan of 2,350 at 10?
A) 96.58
B) 58.67
C) 28.20
D) 9.66

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kishoreddi

Sr. Member
Posts: 329

Reply #1 on: Jun 24, 2018

Answer to Question 1

D

Answer to Question 2

A

Kthamas

Member
Posts: 546

Reply 2 on: Jun 24, 2018

Wow, this really help

ashely1112

Member
Posts: 347

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

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