Question

Jacob took out a loan for $5,400 at a simple interest rate of 3.5% for 6 months. How much interest did he owe?

A) $94.50
B) $113.40
C) $1134.00
D) $9450.00

Answer 1

It’s C you would convert 3.5% to 0.35 and multiply it by 6 to get 21% then you convert it to .21 and multiply that by the total loan to get $1134.00

Answer 2

c

Explanation:

I don't trust myself so I am sorry if it is wrong