The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of simple interest. (Round to the nearest cent.) O $258.00 O $258.28 O $344.38 O $527.78

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of simple interest. (Round to the
nearest cent.)
$258.00
$258.28
$344.38
$527.78
Transcribed Image Text:The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of simple interest. (Round to the nearest cent.) $258.00 $258.28 $344.38 $527.78
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