How much interest will $10,000 earn in 9 months at an annual rate of 4%?
Select:
A) $300
B) $350
C) $450
D) $550
E) $650
Soln:-   9 months = 3/4 of year;   4% = 4/100=1/25;   $10,000(principal)*1/25(interest rate)*3/4(time)=$300.   $300NSWER:$300
<result>A</result>
How much interest will $10,000 earn in 9 months at an annual rate of 4%?