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On September 1 2 , 2 0 2 3 , Jody Jansen went to Sunshine Bank to borrow $ 2 , 3 0 0 at

On September 12,2023, Jody Jansen went to Sunshine Bank to borrow $2,300 at 9.0% interest. Jody plans to repay the loan on 2 January 27,2024. Assume the loan is ordinary interest. What interest will Jody owe on January 27,2024 assuming ordinary interest? What interest will Jody owe assuming exact interest? How much interest is saved using exact interest?
\table[[Principal,Interest Rate,Date Borrowed,Date Repaid,\table[[Days (ordinary],[interest)]],\table[[Days (exact],[interest)]]],[$2,300.00,9.0%,912?2023,127?2024,360,365]]
Required:
Complete the following using the information above and ordinary interest:
Note: Use cells A2 to F5 from the given information to complete this question.
Time in days
Interest (ordinary interest)
Interest (exact interest)
Amount saved using exact interest
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