Multiple Choice
Find the amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method.
A) $945.00
B) $321.04
C) $321.40
D) $325.50
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: Shoree has taken out a loan
Q22: Using the formula Interest - Principal
Q23: Israel signed a simple discount promissory note
Q24: Interest calculated solely on the principal amount
Q25: What is the effective interest rate of
Q27: What is the time period of a
Q28: Abkar Hardware takes out a loan of
Q29: The financial officer of Toys and Noise
Q30: Barbara was charged 9.35% interest and paid
Q31: Suppose that you took out a loan