How to solve

On September $12,$ Jody Jansen went to Sunshine Bank to borrow $$2,400$ at $8\%$ interest. Jody plans to repay the loan on January $27.$

Assume the loan is on ordinary interest. $($Use Days in a year table$)$

a$.$ What interest will Jody owe on January $27?$

Note: Do not round intermediate calculations. Round your answer to the nearest cent.

Interest

b$.$ What is the total amount Jody must repay at maturity?

Note: Do not round intermediate calculations. Round your answer to the nearest cent.

Maturity value