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: (20 ) (A) Mr. Zaher is doing Retail Business in KSA and he took out a loan of $ 250,000 from the Bank at
: (20 )
(A) Mr. Zaher is doing Retail Business in KSA and he took out a loan of $ 250,000 from the Bank at a simple interest rate of 6% on May 12, which is due on August 16.
- Find the number of days of the loan from May 12 until August 16.
- Using exact interest, find the interest amount (I=?). (Round to dolla
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