Ben Was Charged 12

question 112

Short Answer

Ben was charged 12.5% interest and paid $375 interest on a simple interest loan for 45 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)

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Definitions:

Windows Utility Program

A software tool provided by the Windows operating system to perform maintenance, configuration, and monitoring tasks.

Gaming Consoles

Electronic devices specifically designed to play video games that connect to a display device like a television.

Operating System

The software that manages all other programs on a computer, including initiating system hardware and providing services for computer programs.

Desktop

Refers to the primary user interface of a computer, displayed on the screen, where icons and windows appear.