tony towing borrows of $12,250 at 9.5% interest for 320 days if bank use exact interest method how much interest will the bank collect? Round to nearest cent

Answer 1

I = PRT
I = 12,250 * 0.095 * 0.8767
I = ?

Answer 2

What is the selling price of a dining room set at Macy’s? Assume actual cost is $910 and 30% markup on selling price.

Answer 3

$1,020.00

Answer 4

12,250 * 0.095 * 320/365 = $1,020.27