Solve the problem. Assume that simple interest is being calculated in each case. Round the answer to the nearest cent unless otherwise indicated.Martin takes out a simple interest loan at 2 %. After 2 months the amount of interest on the loan is $4.29. What was the amount of the loan? Round to the nearest dollar.
A. $1249
B. $1468
C. $13
D. $1288
Answer: D
Mathematics
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What will be an ideal response?
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