Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.Robert Hall bought a new computer system. To pay for the system, he borrowed  from the credit union at 3% simple interest for 120 days. Find the interest owed. (Use a 365 day year.)

A. $61.60
B. $50.40
C. $187.37
D. $46.84


Answer: A

Mathematics

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A.

B.

C.

D.

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