Solve the problem. Round to the nearest hundredth of a percent.Ted needs money for 270 days to start a business. One bank will loan him the money at 8% simple interest. A second bank uses a simple discount rate. What is the maximum discount rate that he should use so that he does not pay more than at the first bank?

A. 7.62%
B. 8.49%
C. 6.6%
D. 7.55%


Answer: D

Mathematics

You might also like to view...

Convert the measurement as indicated.29 pt =   gal  qt  pt

A. 3 gal 5 pt B. 6 gal 2 qt 1 pt C. 3 gal 2 qt 1 pt D. 3 gal 3 qt 1 pt

Mathematics

Multiply.    

A. - 
B.
C. - 
D.

Mathematics

Solve.x2 = 81

A. 40.5 B. -9, 9 C. -10, 10 D. 9

Mathematics

Solve the problem.A painter leans a ladder against one wall of a house. The ladder is 21 ft long. The base of the ladder is 15 ft from the house. How high is the wall? Round approximations to the nearest tenth. 15 ft

A. 14.7 ft B. 108 ft C. 7.4 ft D. 18 ft

Mathematics