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On September 12, Jody Jansen went to Sunshine Bank to borrow $2,300 at 9% interest. Jody plans to repay the loan on January 27. Kelly
On September 12, Jody Jansen went to Sunshine Bank to borrow $2,300 at 9% interest. Jody plans to repay the loan on January 27. Kelly O'Brien met Jody Jansen at Sunshine Bank and suggested she consider the loan on exact interest. (Use Days in a year table.) How much will Jody save in interest with the exact interest method, as opposed to if the ordinary interest method had been used instead
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