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 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
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
