Find the Ordinary Interest on a Loan of $2780 at 7

question 89

Multiple Choice

Find the ordinary interest on a loan of $2780 at 7% annually for 316 days.

• A) $2950.82
• B) $170.28
• C) $194.60
• D) $170.82

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Definitions:

Secondary-Line Injury

Harm caused to competitors or the market by anticompetitive practices, such as price discrimination, which affects rival businesses.

Distribution

Distribution involves the process of making goods or services available for use or consumption by consumers or businesses.

National Cooperative Research Act

Legislation that enables companies to collaborate on research and development efforts without immediately being subject to antitrust laws.

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.