Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year.

rolpace88

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Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year.

Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year.
A) $2140.00
B) $160.00
C) $140.00
D) $14.00

Textbook

Business Math

Edition: 10^th

Authors: Cleaves, Hobbs, Noble

Read 423 times

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rolpace88 Author

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8 years ago

Got my quiz back, you were right Slight Smile

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Million

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8 years ago

Great, please mark the topic solved!

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