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(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

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(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. (7 points) a) Find the number of days of the loan from May 12 until August 16. b) Using exact interest, find the interest amount (1=?). (Round to dollars)

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