A loan for ​$3,500 with a simple annual interest rate of 8​% was made on June 26 and was due on August 18. Find the ordinary interest.       The ordinary interest was ​$nothing

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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A loan for
​$3,500
with a simple annual interest rate of
8​%
was made on
June
26
and was due on
August
18.
Find the ordinary interest.
 
 
 
The ordinary interest was
​$nothing
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