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Given Principal $11,500, Interest Rate 11%, Time 240 days (use ordinary interest) Partial payments: On 100th day, $4,400 On 180th day, $2,700 a. Use the

Given Principal $11,500, Interest Rate 11%, Time 240 days (use ordinary interest)
Partial payments: On 100th day, $4,400
On 180th day, $2,700

a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

Total interest cost $

b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

On 100th day On 180th day
Balance after the payment $ $

c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

Final payment $

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