Calculate the Amount of Interest If $3000

question 124

Multiple Choice

Calculate the amount of interest if $3000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015.

• A) $843.75
• B) $86.82
• C) $85.27
• D) $70.31
• E) $70.75

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Definitions:

Optically Active

Refers to a substance that can rotate the plane of polarized light, indicating chiral molecules not superimposable on their mirror image.

Alditol

A type of sugar alcohol formed by reducing the aldehyde or ketone group in aldoses or ketoses, respectively.

Silver Oxide

A chemical compound of silver and oxygen that's used in some batteries and as a mild oxidizing agent in organic synthesis.

Methyl Iodide

A chemical compound with the formula CH3I, used as a methylating agent in organic synthesis.