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Solve the Problem $3000\$ 3000 And Agrees to Pay It Back in 9 Years

Question 99

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent if necessary.
-Aubrey borrows $3000\$ 3000 and agrees to pay it back in 9 years. If the simple interest rate is 9%9 \% , find the total amount she pays back.


A) $24,300.00\$ 24,300.00
B) $2430.00\$ 2430.00
C) $27,300.00\$ 27,300.00
D) $5430.00\$ 5430.00

Correct Answer:

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