Find the Simple Interest

question 104

Multiple Choice

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
-p = $4984, r = 1.25% per month, t = 30 months

• A) $155.75
• B) $1869.00
• C) $1806.70
• D) $1931.30

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Definitions:

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