A Bank Gives a Customer $30,000 on June 5,2001

Multiple Choice

A bank gives a customer $30,000 on June 5,2001.What is the amount to be repaid after 3 months if the bank charges d = 7%?

A) $30,525.00
B) $30,529.32
C) $30,534.35
D) $30,538.82