Find the ordinary interest on loan of $580 at 12% annually made on February 2 ad due May 31. Round to the nearest cent: 522.62 522.81 569.60 5602.81
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February has 28 days, so there are 26 days left in February (28 - 2). March has 31 days. April has 30 days. May has 31 days, but we only count up to May 31, so we count all 31 days. Now, let's add up the days: 26 (February) + 31 (March) + 30 (April) + 31 (May) = Show more…
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