Question 1189971
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Alan if you don't know the answer, then don't bother responding. You're wasting everyone's time. It's honestly an embarrassment.


The 6%-6 day method is where $1,000 is going to generate 1 dollar of simple interest over the course of 6 days (the convention is to use a 360 day year) at an interest rate of 6%. 


Notice how 
i = P*r*t
i = 1000*0.06*(6/360)
i = 1


So for $6500, we'll have 6.50 dollars in simple interest over the course of 6 days. Over the course of 54 days, you'll earn 54/6 = 9 times as much.


Overall, 9*6.50 = 58.50 dollars is earned in simple interest over the course of 54 days.


Effectively we just computed the following
i = P*r*t
i = 6500*0.06*(54/360)
i = 58.50


Problem 2 is going to follow the same type of steps. 
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