Use the Exact Method (365 Days) and the Ordinary Interest

question 9

Short Answer

Use the exact method (365 days) and the ordinary interest method (360 days) to compute the amount of interest for the following loan, rounding to the nearest cent: $$\begin{array} { l l l l l } \text { Principal } & \text { Rate } & \text { Time } & \text { Exact Interest } & \text { Ordinary Interest } \\\$ 1,890 & 10 \frac { 3 } { 4 } \% & 118 \text { days } & &\end{array}$$

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Definitions:

Obese

Referring to an individual with a body mass index (BMI) of 30 or higher, indicating a high amount of body fat in relation to height.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex.

Continuum

A continuous sequence or range of related values or elements that vary by gradual steps with no clear division between them.

Predominantly Homosexual

Describes individuals who are primarily attracted to members of the same sex.