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1 May, 13:58

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

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Answers (1)
  1. 1 May, 14:19
    0
    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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