Find the Ordinary Interest to the Nearest Cent

question 3

Multiple Choice

Find the ordinary interest to the nearest cent.
-$18,000 at 9% for 90 days

• A)$405.00
• B)$400.50
• C)$1,620.00
• D)$18,405.00

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Definitions:

Based On Power

Characterized by or dependent upon the distribution and exercise of power, authority, or influence within a group, organization, or society.

Power

Is the capacity to carry out one’s own will despite resistance.

Despite Resistance

Occurring in the face of opposition or efforts to prevent or discourage it.

Ability To Get

The capacity or means to acquire or obtain something, often referring to resources, information, or skills.