David Riley Owns a Five-Year-Old Computer Game Business

question 30

Short Answer

David Riley owns a five-year-old computer game business. Because of slack business, David needs to borrow $25,000. Compute the interest fee if David gets the loan for 120 days at 12% ordinary simple interest. (Use a 360-day year.)

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Definitions:

Unfair Judgment

The act of forming an opinion or conclusion that is biased, unjust, or lacks impartiality.

Reporter

A journalist who investigates, collects, and presents information as news.

Inaccuracy

The quality of being incorrect or not precise, often leading to errors in understanding or representation.

Newsworthy

Information or events considered significant or interesting enough to be reported in the news media.