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Solve the Problem. -The Best Company Ordered $8327 Worth of Jewelry on Credit

Question 55

Multiple Choice

Solve the problem.
-The Best Company ordered $8327 worth of jewelry on credit on September 8, the note due in 90 days at 11% interest. On November 10 they made a partial payment of $2000. Find the amount due on the maturity date, and the total interest charged on the note.


A) $6540.81, $213.81
B) $6767.23, $430.23
C) $660.14, $293.14
D) $6718.51, $391.51

Correct Answer:

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