21
QuizMultiple Choice

Credit and Types of Loans — Test

Question 21 • Financial Math

Calculate the interest using I=(P⋅d⋅r)/(365) for a $⁢10,000 loan at an annual interest rate of 3% over 120 days without any payments.

Answer
A
200 point 0 0 dollars
B
150 point 0 0 dollars
C
120 point 0 0 dollars
D
98 point 6 3 dollars
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