A. $297,750

B. $300,000

C. 5304,500

D $302.250

B. $300,000

C. 5304,500

D $302.250

Asked
7 months ago

Viewed
448225 times

**Answer:**

**D $302, 250
**

**Explanation:**

The computation of the total amount paid is shown below;

** Total amount paid = Face value + accrued interest
**

= $300,000 + $300,000 × 3% × 3 months ÷ 12 months

= $302,250

**hence, the total amount paid is $302,250**

**Therefore the correct option is d. **

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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