103
QuizMultiple Choice

Using Graphs to Advertise — Cumulative exam

Question 103 • FowU - Financial Math - B

Benson has a bankruptcy on his credit report, so he pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2% for one year, could earn him simple interest totaling $180. How much does Benson pay in additional interest each month?

Answer
A
$360
B
$750
C
$900
D
$1,000
Previous
Next