Multiple Choice
What simple interest rate,r,is Jim being charged on the promissory note?
A) 17.23%
B) 16.73%
C) 16.50%
D) 15.97%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: Bob purchases a new smart phone for
Q83: A bank lends money using a simple
Q84: What is the price of a $100,000
Q85: How long will it takes $4000 to
Q86: A debt of $3000 is due in
Q88: A payment of $5000 that was due
Q89: A loan of $10,000 was taken out
Q90: A 182-day T-Bill with a face value
Q91: A 120-day promissory note for $50,000 bears
Q92: After 30-days,the note is sold by Brenda