Solve the problem. Round money to the nearest cent, if necessary, rates to the nearest whole percent, and time to the nearest month.If the principal of a loan is $540, the rate of interest is 12%, and the time of the loan is 3 months, what is the total amount of the loan?

A. $309.40
B. $551.25
C. $799.20
D. $556.20


Answer: D

Mathematics

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