Multiple Choice
Laura's Book Shoppe is going to borrow $50,000 for 90 days at an annual rate of 9%.The amount of interest owing in 90 days will be:
A) $4,500.00
B) $1,109.59
C) $1,225.00
D) $1,009.59
Correct Answer:
Verified
Correct Answer:
Verified
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