Find both the exact and ordinary interest on $38,000 at 5(1)/(4)% for 173 days. Then find the amount by which the ordinary interest is larger. The exact interest on $38,000 at 5(1)/(4)% for 173 days is $945.58^(TT). (Round to the nearest cent.) The ordinary interest on $38,000 at 5(1)/(4)% for 173 days is $â—» (Round to the nearest cent.)
ordinary interest islarger
The exact interest on $38.000 at 5-% for 173 days is $ 945.58 (Round to the nearest cent.)
The ordinary interest on $38,000 at 5-% for 173 days is $ (Round to the nearest cent)