Multiple Choice
The owner of a hot dog stand receives a loan of $3,750 at 8.25% for 9 months. Find the amount of simple interest.(Round to the nearest cent)
A) $320.63
B) $232.03
C) $489.65
D) $232.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q75: Alicia borrowed $8,500 at 6% ordinary interest
Q76: Joan Leshner borrowed money to repair her
Q77: The amount of money being borrowed or
Q78: Use the ordinary interest method to find
Q79: What is the rate of interest on
Q81: Suppose you take out a loan for
Q82: Shameka was charged 8.45% interest and paid
Q83: Chuck Widle borrowed $2,340 from the
Q84: Bart's Construction, Inc. received a promissory note
Q85: Find the maturity value of the