TABLE7-1Exact days-n-a-year calendar (excluding leap year)"Day of312831303130313130313031Jan.Feb.Mar.Аprг.MayJuneJulyAug.Sept.Oct.Nov.Dec.month326091121152182213244274305335336192122153183214245275306336334629312315418421524627630733743563941241551852162472773083383664951251561862172482783093396.6.3765961261571872182492793103403866971271581882192502803113418.8.3967981281591892202512813123429.40689912916019022125228231334310104169100130161191222253283314344111142701011311621922232542843153451212437110213216319322425528531634613134472103133164194225256286317347141445731041341651952262572873183481515467410513516619622725828831934916164775106136167197228259289320350171748761071371681982292602903213511818497710813816919923026129132235219195078109139170200231262292323353202051791101401712012322632933243542121528011114117220223326429432535522225381112142173203234265295326356232354821131431742042352662963273572424558311414417520523626729732835825255684115145176206237268298329359262657851161461772072382692993303602727588611714717820823927030033136128285987118148179209240271301332362292988119149180210241272302333363303089120150181211242273303334364313190151212243304365"Often referred to as a Jullan calendar.2.

Question
Asked Mar 18, 2020
6 views

Complete the following, using exact interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent.)

 

 
 
 
 
Principal Interest rate Date borrowed Date repaid Exact time Interest Maturity value
$1,200 12% July 7 Jan 10      
 
 

Please help me work these problems out. Explain the process of working them out too to help me better understand them.

TABLE
7-1
Exact days-n-a-year calendar (excluding leap year)"
Day of
31
28
31
30
31
30
31
31
30
31
30
31
Jan.
Feb.
Mar.
Аprг.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
month
32
60
91
121
152
182
213
244
274
305
335
33
61
92
122
153
183
214
245
275
306
336
3
34
62
93
123
154
184
215
246
276
307
337
4
35
63
94
124
155
185
216
247
277
308
338
36
64
95
125
156
186
217
248
278
309
339
6.
6.
37
65
96
126
157
187
218
249
279
310
340
38
66
97
127
158
188
219
250
280
311
341
8.
8.
39
67
98
128
159
189
220
251
281
312
342
9.
40
68
99
129
160
190
221
252
282
313
343
10
10
41
69
100
130
161
191
222
253
283
314
344
11
11
42
70
101
131
162
192
223
254
284
315
345
12
12
43
71
102
132
163
193
224
255
285
316
346
13
13
44
72
103
133
164
194
225
256
286
317
347
14
14
45
73
104
134
165
195
226
257
287
318
348
15
15
46
74
105
135
166
196
227
258
288
319
349
16
16
47
75
106
136
167
197
228
259
289
320
350
17
17
48
76
107
137
168
198
229
260
290
321
351
18
18
49
77
108
138
169
199
230
261
291
322
352
19
19
50
78
109
139
170
200
231
262
292
323
353
20
20
51
79
110
140
171
201
232
263
293
324
354
21
21
52
80
111
141
172
202
233
264
294
325
355
22
22
53
81
112
142
173
203
234
265
295
326
356
23
23
54
82
113
143
174
204
235
266
296
327
357
24
24
55
83
114
144
175
205
236
267
297
328
358
25
25
56
84
115
145
176
206
237
268
298
329
359
26
26
57
85
116
146
177
207
238
269
299
330
360
27
27
58
86
117
147
178
208
239
270
300
331
361
28
28
59
87
118
148
179
209
240
271
301
332
362
29
29
88
119
149
180
210
241
272
302
333
363
30
30
89
120
150
181
211
242
273
303
334
364
31
31
90
151
212
243
304
365
"Often referred to as a Jullan calendar.
2.
help_outline

Image Transcriptionclose

TABLE 7-1 Exact days-n-a-year calendar (excluding leap year)" Day of 31 28 31 30 31 30 31 31 30 31 30 31 Jan. Feb. Mar. Аprг. May June July Aug. Sept. Oct. Nov. Dec. month 32 60 91 121 152 182 213 244 274 305 335 33 61 92 122 153 183 214 245 275 306 336 3 34 62 93 123 154 184 215 246 276 307 337 4 35 63 94 124 155 185 216 247 277 308 338 36 64 95 125 156 186 217 248 278 309 339 6. 6. 37 65 96 126 157 187 218 249 279 310 340 38 66 97 127 158 188 219 250 280 311 341 8. 8. 39 67 98 128 159 189 220 251 281 312 342 9. 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 11 11 42 70 101 131 162 192 223 254 284 315 345 12 12 43 71 102 132 163 193 224 255 285 316 346 13 13 44 72 103 133 164 194 225 256 286 317 347 14 14 45 73 104 134 165 195 226 257 287 318 348 15 15 46 74 105 135 166 196 227 258 288 319 349 16 16 47 75 106 136 167 197 228 259 289 320 350 17 17 48 76 107 137 168 198 229 260 290 321 351 18 18 49 77 108 138 169 199 230 261 291 322 352 19 19 50 78 109 139 170 200 231 262 292 323 353 20 20 51 79 110 140 171 201 232 263 293 324 354 21 21 52 80 111 141 172 202 233 264 294 325 355 22 22 53 81 112 142 173 203 234 265 295 326 356 23 23 54 82 113 143 174 204 235 266 296 327 357 24 24 55 83 114 144 175 205 236 267 297 328 358 25 25 56 84 115 145 176 206 237 268 298 329 359 26 26 57 85 116 146 177 207 238 269 299 330 360 27 27 58 86 117 147 178 208 239 270 300 331 361 28 28 59 87 118 148 179 209 240 271 301 332 362 29 29 88 119 149 180 210 241 272 302 333 363 30 30 89 120 150 181 211 242 273 303 334 364 31 31 90 151 212 243 304 365 "Often referred to as a Jullan calendar. 2.

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Expert Answer

Step 1

Consider the provided table,

The exact time is find as;

Given date borrowed = 7 July

           Date repaid = Jan 10

So, total number of days from 7 July to Jan 10 is 187 days.

Thus, the exact time is 187 days.

Step 2

Given principal = $1,200

Interest rate = 12%

The interest is find as,

Advanced Math homework question answer, step 2, image 1

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