Multiple Choice
What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $145.00? (Round any fraction to the next higher day)
A) 174 days
B) 176 days
C) 177 days
D) 178 days
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Jimmy wants to pay off a personal
Q2: Suppose you take out a loan for
Q3: The total payback of principal and interest
Q4: The amount of money that the borrower
Q6: Jake borrowed $1,200 for six months at
Q7: Neil Roddrick purchased $5,000 in U.S. Treasury
Q8: Pauly wants to pay off a credit
Q9: Use the exact method (365 days)
Q10: What are the proceeds of a note
Q11: Customer Bank loaned The Teacup Shoppe money