Find the simple interest owed and maturity value of the loan given the information. Principal = $1,100, rate = 15%, time = 42 months
A. interest: $5,814; maturity value: $6,914
B. interest: $580.5; maturity value: $1,680.5
C. interest: $577.5; maturity value: $1,677.5
D. interest: $5,775; maturity value: $6,875
E. interest: $3,176.25; maturity value: $4,276.25
Answer: C
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