use

date bal days ab

jan 1 to jan 14 500,000 14 7,000,000
jan 15 to jan 19 550,000 5 2,750,000
jan 20 to feb 14 525,000 26 13,650,000
feb 15 to feb 19 575,000 5 2,875,000
feb 20 to mar 14 550,000 22 12,100,000
mar 15 to mar 19 600,000 5 3,000,000
mar 20 to mar 31 575,000 12 6,900,000
48,275,000

total 48,275,000
div by 89
adb 542,416

Exact interest Pr (no. of days/365)

Ordinary interest Pr (no. of days/360)

Before tax After tax (.20 rate)

Exact interest 1,984 1,587

Ordinary interest 2,011 1,609