Solve the Problem $3 \frac { 2 } { 3 } \%$

question 103

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-Robert Hall bought a new computer system. To pay for the system, he borrowed $5110 from the Credit union at $3 \frac { 2 } { 3 } \%$ Simple interest for 120 days. Find the interest owed. (Use a 365 day year.)

• A) $61.60
• B) $50.40
• C) $46.84
• D) $187.37

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Definitions:

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A marketing strategy that uses geographical locations obtained from a user's device to serve relevant content or advertisements to that user.

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The practice of leveraging web-based channels to spread a message about a company's brand, products, or services to its potential customers.

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