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 93

Question 93

Multiple Choice

Find the rate. Round to the nearest tenth of a percent.
-Principal: $6,500 Time: 120 days
Interest: $249.17


A) 11.5%
B) 7.6%
C) 11.7%
D) 3.8%

Correct Answer:

verifed

Verified

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

Related Questions

Q88: Find the exact interest to the nearest

Q89: Find the date due and the maturity

Q90: Find the exact interest to the nearest

Q91: Solve the problem. Round dollar amounts to

Q92: The simple interest note was discounted at

Q94: Solve the problem. Round dollar amounts to

Q95: Find the maturity value of the simple

Q96: Answer the question.<br>-Acme Manufacturing Company needs to

Q97: Solve the problem. Round dollar amounts to

Q98: First, find the initial proceeds of the

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