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.

• A)$2428
• B)$2768
• C)$24
• D)$2389

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Definitions:

Refuted

Successfully argued against a statement or theory, proving it to be wrong or false.

Well-Established Theories

Theories that have been widely accepted and validated through substantial evidence and scientific inquiry.

Studied Problem

An issue or challenge that has been the subject of detailed examination and research to understand its nature and find solutions.

Pseudoscience

A body of explanations or hypotheses that masquerades as science.