A $1,400 loan has a simple annual interest rate of 4%. How much simple
interest is paid on the loan for 1 year?
A
$56.00
B
$67.20
C $560.00
D $672.00

Question

01-02-2021
Mathematics

Answered

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A $1,400 loan has a simple annual interest rate of 4%. How much simple
interest is paid on the loan for 1 year?
A
$56.00
B
$67.20
C $560.00
D $672.00

Sagot :

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