Solve the problem. Round money to the nearest cent, if necessary, rates to the nearest whole percent, and time to the nearest month.You need to borrow $1800 to cover your school expenses for 10 months. After calling several places, you can choose between a money store charging 14% simple interest or your family who will charge you 11%. How much will you save by borrowing from your family?
A. $180.00
B. $375.00
C. $540.00
D. $45.00
Answer: D
Mathematics
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