Solved

What Simple Interest Rate Was Used If Eddie Charged Meatball

Question 122

Multiple Choice

What simple interest rate was used if Eddie charged Meatball $700 interest on a loan of $5,000 for 26 days?

A) 217%
B) 156%
C) 14%
D) 88%
E) 197%

Related Questions

Q117: On December 19 Jerry's $800 deposit matured

Q118: What amount, seven months from now, is

Q119: Payments of $1,400 and $2,500 were due

Q120: Dominion Contracting invested surplus funds in term

Q121: Avril owes Value Furniture $1,600, which is

Q123: Sam borrowed $1,250 on March 15 at

Q124: A department store is offering a washer/dryer

Q125: A $3,000 obligation due eight months from

Q126: A large retail store offers a payment

Q127: Calculate the missing value:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate the