25-11-2014
Mathematics

Answered

How much simple interest will be due on a loan of $6000 at a 3.5% annual interest rate for one year?

A.
$210

B.
$350

C.
$2100

D.
$6210

Answer :

SladeG4 SladeG4

25-11-2014

1% would be £60
3% would be £180
0.5% would be £30
3.5% would be £210
103.5% would be £6210

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