Multiple Choice
Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
-p = $61,600, r = 7%, t = 3 months
A) $107,800.00
B) $1078.00
C) $1437.33
D) $12,936.00
Correct Answer:
Verified
Correct Answer:
Verified
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