Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent if necessary.A company borrows $58,500 for 9 years at a simple interest of 11.5% to buy trucks. Find the total amount paid on the loan.
A. $64,554.75
B. $119,047.50
C. $605,475.00
D. $60,547.50
Answer: B
Mathematics
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