Jacobs Company borrowed $100,000 at 8 percent interest for three months.
How much interest does the company owe at the end of three months?
A. $8,000
B. $2,000
C. $800
D. $200
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Home » Business » Jacobs Company borrowed $100,000 at 8 percent interest for three months. How much interest does the company owe at the end of three months? A. $8,000 B. $2,000 C. $800 D. $200