You are going to borrow $71500.00 for 200 days you are to be loaned the money at an interest rate of 7.5% and you are given the option to choose exact or ordinary interest which would you choose ? show both camputation and explain show me example or math steps

given,

Amount borrowed = $71500

Time = 200 days

interest rate = 7.5 %

ordinary interest rate for year =

                                                  = $5362.5

exact interest rate for the year =

                                                   = $2938.35

hence, the exact interest rate is less than the ordinary interest rate which means you should choose exact interest rate.

gmt is 4 hrs ahead of edt so just add four hours to 1: 14: 20 (minutes and seconds stay the same)

gmt is 5: 14: 20

hope this !

~just a girl in love with shawn mendes