A loan was advanced on March 16 and repaid on October 29 of the same calendar year. How many days was the loan outstanding?

Answer (needs work shown): 227 days

On June 26 Laura put $2750 into a term deposit until September 3, when she needs the money for tuition, books, and other expenses to return to college. For term deposits in the 60 to 89-day range, her credit union pays an interest rate of 4.25%. How much interest will she earn on the term deposit?

Answer (Needs work shown): $22.09