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.

Substitute the loan amount, annual rate, and number of days into the formula: I = (10,000 × 0.03 × 120) ÷ 365. The numerator is 36,000, and 36,000 ÷ 365 ≈ $98.63. Therefore, the interest is $98.63, which is choice D.

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