ANSWERS TO REVIEW QUESTIONS

Barbara D’Angelo’s bank granted her a single-payment loan of $1,000 for 100 days at 12 percent ordinary interest. What is the amount of ordinary interest owed? $36.77. $32.15. $33.33. $34.55. Jay Field’s bank granted him a single-payment loan of $6,800. He agreed to repay the loan in 91 days at an exact interest rate of 4.25 percent. ................
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