Multiple Choice
Karen's Katering borrows $4,500, at 8.5% interest, for 260 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent)
A) $304.17
B) $287.95
C) $290.56
D) $272.47
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q116: When calculating simple interest and the time
Q117: Marcy Link took out a loan for
Q118: Lars was charged 10.5% interest and paid
Q119: What is the maturity date on a
Q120: The price or rental fee charged by
Q122: The chief business officer of plumbing
Q123: Henry Black's property taxes of $1,726
Q124: Determine the maturity date of the
Q125: Kim Maugeri deposited $8,000 in a savings
Q126: Determine the number of days of