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MMLU-Pro / 98 / Mr. Frankel wants to borrow …

Problem

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

question

Mr. Frankel wants to borrow $2,000 from November 16 for 143 days. The interest rate is 6%. What would the difference in the interest charge amount to if the bank used exact interest instead of bankers' interest?

category

business

options

  1. $2.00
  2. $0.25
  3. $1.50
  4. $1.32
  5. $3.30
  6. $0.50
  7. $0.99
  8. $.66
  9. $1.98
  10. $2.64

src

stemez-Business

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