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MMLU-Pro / 540 / The Harbor Lights Boat Company loaned an employee …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

The Harbor Lights Boat Company loaned an employee $3,000 to help toward the down payment on a new house. The employee agreed to pay 9(1 / 2) % interest for the number of days he owed the money. The date of the loan was September 16, and it was repaid on October 31 of the same year. a. How many days' interest will the company charge the employee? b. What is the amount of interest the company will collect? c. What is the total amount the company received from the employee on October 31?

category

business

options

  1. 60 days, $45.63, $3,045.63
  2. 44 days, $33.12, $3,033.12
  3. 50 days, $47.50, $3,047.50
  4. 46 days, $34.59, $3,034.59
  5. 35 days, $26.56, $3,026.56
  6. 45 days, $35.63, $3,035.63
  7. 30 days, $28.75, $3,028.75
  8. 45 days, $42.19, $3,042.19
  9. 45 days, $40.63, $3,040.63
  10. 30 days, $25.63, $3,025.63

src

stemez-Business

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