of $50,000 from Bank of America at 8% on March 19, 2016, which was due on July 8, 2016. Using exact interest, the amount of J

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.6: Percents Problems
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Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2016, which was due on July 8, 2016. Using exact interest, the amount of Janet's interest cost was:

 

Multiple Choice
  •  

    $1,233.33

  •  

    $1,216.44

  •  

    $51,233.33

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