menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 9: Simple Interest
  5. Question
    Find the Rate
Solved

Find the Rate

Question 105

Question 105

Multiple Choice

Find the rate. Round to the nearest tenth of a percent.
-Principal: $8,000
Time: 90 days
Interest: $140.00


A) 34.6%
B) 7.0%
C) 7.1%
D) 1.8%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q100: Find the proceeds to the nearest cent

Q101: Find the time (in days). Round to

Q102: Answer the question.<br>-Under what circumstances would a

Q103: Find the maturity value of the simple

Q104: Solve the problem.<br>-A holder of a $3,000,

Q106: Find the maturity date and proceeds. Round

Q107: Solve the problem.<br>-Tech Support Associates accepts a

Q108: Solve the problem.<br>-Central Building Company borrowed $18,722

Q109: Find the discount period.<br>-Loan made: July 11<br>Length

Q110: Find the amount by which the ordinary

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines