Jack obtains a loan of $4815.16 at 2.3% ordinary interest for 42 days. what is the maturity value of the loan

The maturity value is 4827 and if needed interest value is 12.

With $35, a member is paying 100%.
Since the reduction is 5%, that means his is paying now 95% of $35,
that means $35 x 0.95 = $33.25, So the decrease in fees is 35-33.25 = $1.75

Another method: the reduction was 5% on the $35 or 5% x 35 = 0.05x35=$1.75