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 Ordinary Interest to the Nearest Cent
Solved

Find the Ordinary Interest to the Nearest Cent

Question 3

Question 3

Multiple Choice

Find the ordinary interest to the nearest cent.
-$18,000 at 9% for 90 days


A) $405.00
B) $400.50
C) $1,620.00
D) $18,405.00

Correct Answer:

verifed

Verified

Related Questions

Q1: Solve the problem.<br>-The Gibralter Company loaned $7,843

Q2: Answer the question about the promissory note

Q4: Find the amount by which the ordinary

Q5: Find the date due and the maturity

Q6: Answer the question.<br>-In your own words, define

Q7: Find the exact number of days from

Q8: Find the discount and proceeds on the

Q9: First, find the initial proceeds of the

Q10: Solve the problem.<br>-Henry Smith buys a $60,000

Q11: Find the date due and the maturity

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