Question: Determine the interest (rounded to the nearest dollar) on a $125,000 short- term loan, with a term of 250 days and simple interest rate of

Determine the interest (rounded to the nearest dollar) on a $125,000 short- term loan, with a term of 250 days and simple interest rate of 8%. $10,149 O $6,849 O $12,549 $6.549
 Determine the interest (rounded to the nearest dollar) on a $125,000

Determine the interest (rounded to the nearest dollar) on a $125,000 shortterm loan, with a term of 250 days and simple interest rate of 8%. $10,149 $6,849 $12,549 $6,549

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!