25
RCMultiple Choice

Probability of Compound Events — Cumulative exam

Question 25 • TX-College Prep Math B

The office manager of First Tech Support borrowed $25,000 to purchase new computers for employees. The bank charges 6 percent interest for 4 years. How much interest will the company pay in all?

Answer
A
$1,200
B
$1,500
C
$4,800
D
$6,000