Question
Jack's Drilling company borrowed $6800 for 75 days and paid $134.58 in interest. Find the rate of interest on the loan(to the nearest tenth of
Jack's Drilling company borrowed $6800 for 75 days and paid $134.58 in interest. Find the rate of interest on the loan(to the nearest tenth of a percent). (A years has 365 days) Group of answer choices 9.0% 10.0% 9.6% 9.5% Flag question: Question 13 Question 131 pts Hank Wilkins invested $3300 in a mutual fund containing bonds. Find the rate of interest (to the nearest tenth of a percent) given that he earned $259.88 in simple interest in 270 days.(A years has 365 days) Group of answer choices 10.6% 10.5% 9.5% 10.8% Flag question: Question 14 Question 141 pts Solve the problem. Round dollar amounts to the nearest cent. Use Simple interest unless otherwise indicated. Skyway Marketing, Ltd. bought a new computer system. To pay for the system, they borrowed $51,710 from the bank at 11(1/3)% interest for 140 days. Find the interest.(A years has 365 days) Group of answer choices $2279.07 $5860.47 $2247.85 $2262.79 Flag question: Question 15 Question 151 pts Solve. Annie borrows $2700 and agrees to pay it back in 4 years. If the simple interest rate is 10%, find the total amount she pays back. Group of answer choices $3780 $10,800 $13,500 $1080.
regards sir,
i need help regarding this mcqs with the justification of the answers ?
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