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MMLU-Pro / 711 / Joanna Moorman borrowed …

Problem

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question

Joanna Moorman borrowed $2,000 from the credit union where she works, agreeing to pay 9% interest for the actual number of days during which the loan was outstanding. The date on which the money was borrowed was April 12, and the full amount, including interest, was paid on July 11. a. For how many days will Mrs. Moorman pay interest? b. What is the amount of interest to be paid? c. What is the total amount due the credit union?

category

business

options

  1. 87 days, $43.50, $2043.50
  2. 88 days, $48, $2048
  3. 91 days, $50, $2050
  4. 90 days, $45, $2045
  5. 92 days, $46, $2046
  6. 92 days, $49, $2049
  7. 89 days, $44.50, $2044.50
  8. 89 days, $40, $2040
  9. 93 days, $42, $2042
  10. 95 days, $47.50, $2047.50

src

stemez-Business

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