After 7 months at an interest rate of 13%, an investment matured today at a value of $80,000. How much of the $80,000 is interest?
A) $12,065
B) $10,400
C) $6,067
D) $7,436
E) $5,639
Correct Answer:
Verified
Q73: At what simple annual interest rate would
Q74: At what simple annual interest rate would
Q75: An investment of $ 19,250 grew to
Q76: Grandma Jones has $300,000 in a bank
Q77: Albert loaned $850,000 to Batman on March
Q79: On what day will the amount of
Q80: Susan wants a 120-day extension on a
Q81: What payment 5 months from now would
Q82: Ace Furniture will give you 8 months,
Q83: If $4,000 is to be paid now.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents