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MMLU-Pro / 545 / In order to help finance his new home, Mr. Hendricks borrowed…

Problem

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

question

In order to help finance his new home, Mr. Hendricks borrowed$5,000 from a bank under a fixed mortgage, agreeingto pay 5% interest yearly, in semiannual installmentswith the mortgage to fall due in twenty years. How much interest is due every six months?

category

business

options

  1. $275
  2. $300
  3. $200
  4. $100
  5. $250
  6. $150
  7. $50
  8. $225
  9. $125
  10. $175

src

stemez-Business

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Official source

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