Pace CoBorrowed $10,000 at a Rate of 7

Multiple Choice

Pace Co.borrowed $10,000 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) $57.40
B) $47.13
C) $60.42
D) $73.10
E) $50.15