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Total interest to be earned on a $7,500, 5%, 90-day note is: A) $93.75 B) $375.00 C) $1,125.00 D) $31.25 E) $125.00 Please, type out

Total interest to be earned on a $7,500, 5%, 90-day note is:

A) $93.75

B) $375.00

C) $1,125.00

D) $31.25

E) $125.00

Please, type out the steps and explain answer.

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Question

Total interest to be earned on a $7,500, 5%, 90-day note is: A) $93.75 B) $375.00 C) $1,125.00 D) $31.25 E) $125.00 Please, type out

Total interest to be earned on a $7,500, 5%, 90-day note is: A) $93.75 B) $375.00 C) $1,125.00 D) $31.25 E) $125.00 Please, type out the steps and explain answer.

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Step: 1

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Total interest to be earned on a $7,500, 5%, 90-day note is:

A) $93.75

B) $375.00

C) $1,125.00

D) $31.25

E) $125.00

Please, type out the steps and explain answer.