Find the Ordinary Interest to the Nearest Cent

question 19

Multiple Choice

Find the ordinary interest to the nearest cent.
-$16,000 at % for 76 days

• A)$16,329.33
• B)$325.00
• C)$329.33
• D)$1,560.00

---

Definitions:

Factors Of Production

The inputs or resources that are used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.

Input

The resources, materials, or data put into a system, process, or machine to obtain a desired output.

Output

The amount of something produced by a person, machine, or industry.

Function

A mathematical relation in which each element of a domain is associated with exactly one element of a range.