Math help needed: How much will the Abdullahs owe #7

Mathematics
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In order to help finance the purchase of a new house, the Abdullahs have decided to apply for a short-term loan (a bridge loan) in the amount of $140,000 for a term of 1 mo. If the bank charges simple interest at the rate of 12%/year, how much will the Abdullahs owe the bank at the end of the term?
A.
B.
C.
D.
Nov 9th, 2015

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140000 + 1% of 140000

140000+1400

$141400

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Nov 9th, 2015

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