On July 1, David borrowed $9,500 from his revolving line of credit. At the time the annual interest rate was 3.80%. On September 15, the annual interest rate was lowered to 3.60%. Determine the interest paid from July 1^st to December 31^st. Round to nearest dollar. A) $325.88 B) $389.31 C) $401.66 D) $457.82 E) $461.64

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The Answer of On July 1, David borrowed $9,500 from his revolving line of credit. At the time the annual interest rate was 3.80%. On September 15, the annual interest rate was lowered to 3.60%. Determine the interest paid from July 1^st to December 31^st. Round to nearest dollar. A) $325.88 B) $389.31 C) $401.66 D) $457.82 E) $461.64

On July 1, David Borrowed $9,500 from His Revolving Line