menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Practical Math Applications
  4. Exam
    Exam 10: Interest
  5. Question
    What Is the Simple Interest on a 10-Month Loan of $8,400
Solved

What Is the Simple Interest on a 10-Month Loan of $8,400

Question 2

Question 2

Multiple Choice

What is the simple interest on a 10-month loan of $8,400 at 7.75%?


A) $651.00
B) $644.50
C) $542.50
D) $440.00

Correct Answer:

verifed

Verified

Related Questions

Q1: Using the present value table, calculate

Q3: What is the compound interest earned at

Q4: What is the compound amount at the

Q5: What is the interest rate on a

Q6: What is the maturity value of a

Q7: The face value of a note is

Q8: What is the compound amount if Alicia

Q9: Giovanni anticipates moving his business back

Q10: The date of a note is July

Q11: The face value of a note is

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