Multiple Choice
Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest method. (Round to the nearest whole dollar amount)
A) $1,500
B) $1,521
C) $313
D) $6,850
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q139: Ada signed a simple discount promissory note
Q140: Use the exact method (365 days)
Q141: What is the effective interest rate of
Q142: Mike Gioulis signed a $23,000 simple
Q143: Toby signed a simple discount promissory note
Q145: Velvety Smooth Linens takes out a loan
Q146: You sign a simple discount promissory note
Q147: What is the time period of a
Q148: Find the amount of interest and
Q149: On August 5, Lacey Jewelry Store purchased