Solve the Problem $5 \frac { 3 } { 4 } \%$

question 194

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-Skyway Marketing, Ltd. bought a new computer system. To pay for the system, they borrowed $47,090 at $5 \frac { 3 } { 4 } \%$ Interest for 150 days. Find the interest owed. (Use a 365 day year.)

• A) $1112.74
• B) $676.92
• C) $2707.68
• D) $967.60