Find the simple interest owed and maturity value of the loan given the information. Principal = $900, rate = 6%, time = 1 year
A. interest: $350; maturity value: $1,250
B. interest: $59; maturity value: $959
C. interest: $54; maturity value: $954
D. interest: $51; maturity value: $951
E. interest: $300; maturity value: $1,200
Answer: C
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