Multiple Choice
On October 15, Jerome had $9,000 of student loans. He agreed to a payment plan of $150 per month at an annual rate of 9.60% simple interest. Determine how much of the $150 will go towards the principal at the end of December.
A) $77.81
B) $78.18
C) $79.27
D) $80.08
E) $81.18
Correct Answer:
Verified
Correct Answer:
Verified
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