The Interest Accrued on $7,500 at 6% for 90 Days

question 7

Multiple Choice

The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.)

• A) $37.50.
• B) $450.00.
• C) $11.25.
• D) $112.50.
• E) $1,800.00.

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Definitions:

Siblings

Individuals who share at least one parent in common, including brothers and sisters, both full and half.

Noncustodial Fathers

Fathers who do not have legal custody of their child/children, and thus the children reside primarily with the other parent.

Custodial Mother

A mother who has been granted primary legal and/or physical custody of her child(ren) by a court.

Child Support

Financial contributions required by law to be made by a non-custodial parent to support their child(ren)'s upbringing and welfare.