Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent if necessary.Robert Hall opened a taxi service company. To pay for startup costs, he borrowed $72,000 from a bank at 6% for 1 year. Find the interest.

A. $76,320.00
B. $5040.00
C. $4320.00
D. $432.00


Answer: C

Mathematics

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