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Max Wholesaler borrowed $ 1 , 5 0 0 on a 6 % , 1 2 0 - day note. After 4 5 days, Max

Max Wholesaler borrowed $1,500 on a 6%,120-day note. After 45
days, Max paid $525 on the note. Thirty days later, Max paid an
additional $450. Use ordinary interest.
a.Determine the total interest use the U.S.
Rule.(Do not round intermediate
calculations.Round your answers to the
nearest cent.)Total interest amount
$b.Determine the ending balancedue
use the U.S. Rule.(Do not round intermediate
calculations.Round your answers to the
nearest cent.)Ending balancedue
$

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