If you count 365 days in the year, the interest on the first loan is

$1,000,000*0.12*3/365 ≈

The interest on the fourth day would be

$1,000,000*0.11/365 ≈ $301.37

So the total

$986.30 + 301.37 =

$1,000,000*0.12*3/365 ≈

**$986.30**The interest on the fourth day would be

$1,000,000*0.11/365 ≈ $301.37

So the total

**due on the fourth day**is$986.30 + 301.37 =

**$1287.67**