How much interest will $10,000 earn in 9 months at an annual rate of 3%?  Choose one
A) $250
B) $350
C) $450
D) $550
E) $225
Soln:-   9 months = 3/4 of year;   3% = 3/100=3/100;   $10,000(principal)*3/100(interest rate)*3/4(time)=$225.   ANSW$225R:$225
<result>E</result>
How much interest will $10,000 earn in 9 months at an annual rate of 3%?