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Find (a) the ordinary and (b) the exact simple interest, on a 60-day loan of $1500 at 14 1/2 %..... please explain both part A

Find (a) the ordinary and (b) the exact simple interest, on a 60-day loan of $1500 at 14^1/2 %.....

please explain both part A (ordinary) and part B (exact simple interest)

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