Emma took out a loan for $19,500 at 15 1/2% on Nov 4, 2018 which will be due on February 3, 2019. Using ordinary interest, what will be the interest cost and what amount will Emma pay back on February 3, 2019?

Q2. Ryan Lee ho took out the same loan as Emma in the preceding problem, but his terms were exact interest. What is the difference in interest cost and what will Ryan pay back on February 3, 2019? Who had better terms and why?