What is the time period of a loan for $2,500 at 12% exact interest if the amount of interest is $118.36? round to the next higher day

144 days.

Step-by-step explanation:

Using simple interest formula, I = PRT.

Where I = Interest, P = Principal, R = Rate, T= Time.

From the question, I = $118.36, P = $2500, R = 12% = 0.12 T = ?

To get time, substitute for the parameters above into the equation I = PRT

118.36 = 2500 × 0.12 × T

118.36 = 300T

Dividing both sides by 300,

T = 118.36 ÷ 300

= 0.395 years.

0.395 years in a 365 days calendar year will be

0.395 × 365 = 144.175 days.

Rounding up to the next higher day, we have 144 days.

answer: i think it is (1,-2)