Jasper makes a $47,000, 90-day, 7.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)

A. $3525.
B. $39.17.
C. $1762.50.
D. $881.25.
E. $293.75.


Answer: D

Business

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