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A $1,400 loan has a simple annual interest rate of 4%. How much simple interest is paid on the loan for 1 year? A $56.00 B $67.20 C $560.00 D $672.00
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12 votes
A $1,400 loan has a simple annual interest rate of 4%. How much simple

interest is paid on the loan for 1 year?
A
$56.00
B
$67.20
C $560.00
D $672.00

User Bic Ton
by
8.5k points

1 Answer

12 votes

Answer:

the answer is c

Explanation:

User Cmdd
by
7.8k points
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