Multiple Choice
With interest of $1,832.00 and a principal of $16,000 for 206 days, using the ordinary interest method, the rate is:
A) 20%
B) 12%
C) 2%
D) 10%
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q27: Amy Koy met Pat Quinn on Sept.
Q28: Joe Flynn visits his local bank to
Q29: The exact interest method represents time as
Q30: Janet took out a loan of $50,000
Q31: Match the following terms with their definitions.<br>-U.S.
Q34: Jim Murphy borrowed $30,000 on a 120-day
Q35: Joe and Kathy Graczak borrowed $132,000 for
Q36: Round to nearest cent or hundredth
Q37: Desiree Brown borrowed $50,000 on a 90-day
Q91: Match the following terms with their definitions.<br>-Maturity