On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at formula9.mml interest. Jennifer plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table.)
a.
What interest will Jennifer owe on January 27? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Interest $
b.
What is the total amount Jennifer must repay at maturity? (Do not round
1 answer