Using the Ordinary Interest Method, Find the Amount of Interest $11 \frac { 1 } { 2 } \%$

Multiple Choice

Using the ordinary interest method, find the amount of interest on a loan of $5,000 at $11 \frac { 1 } { 2 } \%$ interest, for 284 days.

A) $575.00
B) $394.44
C) $447.40
D) $453.61