asd233
Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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


Sagot :

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

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.