Pace Co Borrowed $25,000 at a Rate of 7

Multiple Choice

Pace Co. borrowed $25,000 at a rate of 7.25%, SIMPLE INTEREST, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month?

A) $136.32
B) $143.49
C) $151.04
D) $158.59