You Take Out a Loan of $A at a Simple

Multiple Choice

You take out a loan of $A at a simple interest rate of r for n-days (n > 0) .Under exact interest,you have to pay back $8230 at the end of n-days.If ordinary interest is used instead,what would be the amount to be paid back at the end of n-days?

A) $8,230
B) More than $8230
C) Less than $8230
D) Need more information to determine