Solve the Problem

question 4

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round the answer to the nearest cent
unless otherwise indicated.
-Martin takes out a simple interest loan at 4 %. After 10 months the amount of interest on the loan is $80.93. What was the amount of the loan? Round to the nearest dollar.

Definitions:

California Modernism

An architectural and design style that emphasizes simplicity, integration with nature, and the use of modern materials, prominent in California through the mid-20th century.

New Negro Artist

Relates to African-American creatives associated with the Harlem Renaissance, embodying a renewed racial pride and cultural identity during the early 20th century.

West Coast

Refers to the westernmost coastal states of the United States, typically including California, Oregon, and Washington.

Harlem on My Mind

Refers to the cultural and social flourishing of African American arts and life in Harlem, New York, particularly during the Harlem Renaissance.