Question: For this problem you are going to be computing the simple interest. You can find more information on this matter in chapter 9. Below you

For this problem you are going to be computing the simple interest. You can find more information on this matter in chapter 9. Below you will find the formula you will need to use to compute the problem. Interest = Principal X Rate X Time Congratulations you just purchased a car! Your Principal is $5,000 (the amount you borrowed) The Rate (% of interest you'll have to pay) is 6% Time (the amount of time you'll have to pay it off) is 6 months Select one: O a. $150 O b. $250 O c. $125 O d. $240

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