Find both the exact and ordinary interest on $30,800 at $11\frac{1}{4}$% for 152 days. Then find the amount by which the ordinary interest is larger.
The exact interest on $30,800 at $11\frac{1}{4}$% for 152 days is $
(Round to the nearest cent.)
The ordinary interest on $30,800 at $11\frac{1}{4}$% for 152 days is $
(Round to the nearest cent.)
The amount by which the ordinary interest is larger is $