Jasper Makes a $25,000, 90-Day, 7% Cash Loan to Clayborn

Multiple Choice

Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)

A) $437.50.
B) $875.00.
C) $145.83.
D) $19.44.
E) $1,750.