Find the Amount by Which the Ordinary Interest Is Larger

question 4

Multiple Choice

Find the amount by which the ordinary interest is larger than the exact interest. Round to the nearest cent.
-$91,900 at % for 84 days

• A)$24.96
• B)$35.46
• C)$0.30
• D)$15.46

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Definitions:

Task Analysis

The process of breaking down a job into its component tasks to identify necessary skills, knowledge, and behaviors for effective performance.

Organization Analysis

Examination of the environment, strategies, and resources of the organization to determine where training emphasis should be placed.

Competencies

The combination of skills, knowledge, and abilities that are required to perform a job effectively.

Training Effort

The intensity and resources devoted by an organization towards improving the skills and knowledge of its employees.