Pace Co. borrowed $25,000 at a rate of 7.25%, SIMPLE INTEREST, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month?
A) $136.32
B) $143.49
C) $151.04
D) $158.59

Question

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The Answer of Pace Co. borrowed $25,000 at a rate of 7.25%, SIMPLE INTEREST, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month?
A) $136.32
B) $143.49
C) $151.04
D) $158.59

Pace Co Borrowed $25,000 at a Rate of 7