After some questionable activity during your college's annual homecoming party, your friends need to bail you out of jail. A bail bondsman loans your friends $8000 with the condition that they will repay the loan along with 25¾% annual simple interest. After eight months you go to pay the loan, how much will you owe? Give your answer as a decimal rounded to the nearest hundredth.
A) $8135.15
B) $8137.33
C) $9621.76
D) $9648.00
E) None of the above.

Question

After some questionable activity during your college's annual homecoming party, your friends need to bail you out of jail. A bail bondsman loans your friends $8000 with the condition that they will repay the loan along with 25¾% annual simple interest. After eight months you go to pay the loan, how much will you owe? Give your answer as a decimal rounded to the nearest hundredth. 
A) $8135.15
B) $8137.33
C) $9621.76
D) $9648.00
E) None of the above.

Quizplus · Accepted Answer

The Answer of After some questionable activity during your college's annual homecoming party, your friends need to bail you out of jail. A bail bondsman loans your friends $8000 with the condition that they will repay the loan along with 25¾% annual simple interest. After eight months you go to pay the loan, how much will you owe? Give your answer as a decimal rounded to the nearest hundredth. 
A) $8135.15
B) $8137.33
C) $9621.76
D) $9648.00
E) None of the above.

After Some Questionable Activity During Your College's Annual Homecoming Party