A store manager obtained a loan of $25,000, at 6 3/8% interests, for 15 months to purchase
Question:
A store manager obtained a loan of $25,000, at 6 3/8% interests, for 15 months to purchase supplies. Find the amount of simple interest. (Round to the nearest cent)
a. $2,502.25
b. $1,992.19
c. $2,125.37
d. $1,721.13
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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