The simple interest on a loan of $200 at 10 percent interest per year is

A. $10 per year until the loan is paid off.

B. $15 per year until the loan is paid off.

C. $20 per year until the loan is paid off

D. $25 per year until the loan is paid off.

Question

28 September, 07:20

+5

Answers (2)

Know the Answer?

Madeleine · Answer 1

C because you take 200 and divide it by 10

Fisher Woodward · Answer 2

Fisher Woodward 28 September, 07:48

0

Explanation: If 200 and 10

The simple interest on a loan of $200 at 10 percent interest per year isA. $10 per year until the loan is paid off.B. $15 per year until the loan is paid off.C. $20 per year until the loan is paid offD. $25 per year until the loan is paid off.