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 balance due use the U.S. Rule. (Do not round intermediate calculations. Round your answers to the nearest cent.) Ending balance due $

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 balance due use the U.S. Rule. (Do not round intermediate calculations. Round your answers to the nearest cent.) Ending balance due Hints References eBook & Resources