Consumer Business Mathematics Midterm Exam

A. $9 B. $1.50 C. $591 D. $609 E. $600. 37. A loan of $10,000 was granted for 90 days at 8 percent ordinary interest. What is the amount of ordinary interest owed? (HINT: Use banker’s interest 360 days a year) A. $90 B. $200 C. $80 D. $720 E. $72. 38. If 48 is decreased to 36 , what is the percent decrease? ................
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