Questions Question 10(1 point) 0 of 30 questions Federal Reserve Banks as well as the Fede interest based on: Arment like to calculate simple Page 1: 1) Exact interest, ordinary interest 1 23 O2) Using 30 days in each month 3) Using 31 days in each month 4) Exact interest 5) None of the above 10 1112 Question 11 (1 point) Interest on $5.255 at 12 percent for 30 days (use ordinary interest) is: 13 1415 1) $52.55 2) $55.25 3) $ 5.26 4) $ 5.25 5) None of the above 16 1718 1920 21 22 23 24 Sa Question 12 (1 point) 25 26 27 Martha Ross took out a loan to pay for her child's education for $50.000. The loan would be repaid at the end of 9 years in one payment with an interest of 12 percent The total amount Martha has to pay back at the end of the loan is: 282930 1) $ 54.000 2) $104.000 3) $ 5.400 4) S 10400 5) None of the above Legend Savod Response Unsaved Response O into Iterm Save