Ordinary simple interest brings increased revenue to the lender. The general practice in the United States and in international business transactions is to use ordinary simple
interest; it is employed throughout this Outline, unless specified otherwise.
SOLVED PROBLEMS
3.1 Find (a) the ordinary and (b) the exact simple interest, on a 60-day loan of $1500
at 14%
We have P = 1500 and r = .0145.​

Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.