9 Calculate the ordinary simple interest and the exact simpl

9. Calculate the ordinary simple interest and the exact simple interest on these loans.

for ordinary interest or the simple interest

I. = Pr (D/360); I. = ordinary interest, D = no. of days

we are given that P = $ 2400 , r = 13 % = 13/100

t = 60 days

I = 2400*13/100*60/360 = $ 52

hence the ordinary or the simple inerest is = $ 52

so fill the field under 360 day year with $ 52

for the exact interest

I. = Pr (D/365); I. = exact interest

I = 2400*13/100*60/365 = $ 51.287

hence fill the field under 365 day year with $ 51.287