menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Math in Our World Study Set 1
  4. Exam
    Exam 7: Consumer Mathematics
  5. Question
    Find the Interest on the Loan Using the Banker's Rule
Solved

Find the Interest on the Loan Using the Banker's Rule

Question 3

Question 3

Multiple Choice

Find the interest on the loan using the Banker's rule.
P = $2,000, r = 11%, t = 90 days


A) $48.83
B) $54.25
C) $49.50
D) $55.00

Correct Answer:

verifed

Verified

Related Questions

Q1: In many cases, property taxes when you

Q2: Leslie's monthly income is $1,871.04 and has

Q4: Use the information in the stock table

Q5: Marlene works full-time as an executive assistant,

Q6: Find the missing value. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8446/.jpg" alt="Find

Q7: A is a long-term loan where the

Q8: Find (a)the discount, (b)the amount of money

Q9: Max borrows $15,500 for her last 2

Q10: Find the missing value. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8446/.jpg" alt="Find

Q11: Find the future value. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8446/.jpg" alt="Find

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