6A)

6B)

Use the ordinary interest method to compute the time for the following loan. Round answers to the next higher day when necessary. Do not enter units in your answer. Do not round intermediate calculations. Principal Rate (%) Time Interest $7,900 11.2 days $244 Calculate the missing information for the following loan. Round days to the next higher day when necessary. Do not enter units or percent symbols in your answer. Do not round intermediate calculations. Principal Rate (%) Time (days) Interest Maturity Value Interest Method Ordinary $16,000 9.0 $700