Jaspreet lent $5,800.00 at a simple interest rate of 5.00% p.a. on March 15, 2014. Calculate the amount of interest he would receive on July 24, 2014. Select the correct answer. No work needs to be shown. $104.08 $37,990.00 $3,165.83 $5,904.08

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Jaspreet lent $5,800.00 at a simple interest rate of 5.00% p.a. on March 15, 2014. Calculate the amount of interest he would receive on July 24, 2014.
Select the correct answer. No work needs to be shown.
$104.08
$37,990.00
$3,165.83
$5,904.08
 
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