Given:

The date of borrowed is May 15th and the date of repayment is August 17th.
Required:
We have to find the exact time, interest, and maturity value.
Step-by-step explanation:
The exact time between 15th May to 17th August is

Therefore the time given is

We know that the formula to find the interest is


Therefore, the interest is


Therefore, the maturity value is

Final answer:
Hence the final answer is
