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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asked Jul 12, 2022 213k views

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

Mathematics
high-school

Bic Ton asked

by Bic Ton

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1 Answer

12 votes

Answer:

the answer is c

Explanation:

Cmdd answered Jul 18, 2022

by Cmdd

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