Compute the Exact Interest (365-Day Year) and the Total Amount

question 18

Short Answer

Compute the exact interest (365-day year) and the total amount of the loan for the following problems. Round answers to the nearest cent.​
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Definitions:

Methane

A potent greenhouse gas with a significant impact on global warming, more effective than carbon dioxide over a short period.

Butane

A hydrocarbon gas that is a constituent of natural gas and petroleum, used as fuel, in cigarette lighters, and as a propellant in aerosol sprays.

Biogas Digester

A device or structure that breaks down organic matter anaerobically (without oxygen) to produce biogas, a renewable energy source, and digestate, a nutrient-rich fertilizer.

Production Characteristics

Attributes or features that define the process and output of manufacturing or production activities.