Tony's Towing borrows $15,250, at 8.5% interest, for 320 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent.) a. $560.66 b. $1,136.00     c. $1,136.44 d. $1,296.25

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 14E
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Tony's Towing borrows $15,250, at 8.5% interest, for 320 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent.)
a. $560.66
b. $1,136.00    
c. $1,136.44
d. $1,296.25
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