Tony's Towing Borrows $12,250, at 9

question 17

Multiple Choice

Tony's Towing borrows $12,250, at 9.5% interest, for 320 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent)

• A) $304.17
• B) $1,020.00
• C) $1,020.27
• D) $1,272.47

---

Definitions:

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness, playing important roles in mood regulation, digestion, and sleep.

Norepinephrine

Norepinephrine is a neurotransmitter involved in the body's response to stress and the regulation of mood, attention, and arousal.

Cortisol

A steroid hormone produced by the adrenal glands, involved in the body's stress response as well as metabolism and immune function.

Cortical Atrophy

The reduction of brain tissue in the cerebral cortex, often associated with age, neurological diseases, or conditions affecting brain health.