Multiple Choice
Solve the problem. Assume that simple interest is being calculated in each case. Round the answer to the nearest cent
unless otherwise indicated.
-Martin takes out a simple interest loan at 4 %. After 10 months the amount of interest on the loan is $80.93. What was the amount of the loan? Round to the nearest dollar.
A) $2428
B) $2768
C) $24
D) $2389
Correct Answer:
Verified
Correct Answer:
Verified
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