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Compute the ordinary interest (360-day year) and the total amount of the loan in the following problems. Principal, Rate, and Time Ordinary Interest Amount a.
Compute the ordinary interest (360-day year) and the total amount of the loan in the following problems.
Principal, Rate, and Time | Ordinary Interest | Amount |
a. $24,000 at 5% for 270 days | $ | $ |
b. $1,800 at 8% for 90 days | $ | $ |
c. $2,400 at 6% for 30 days | $ | $ |
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