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

asked Sep 7, 2015 233k views

1 vote

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

9.0k points

Please log in or register to add a comment.

5 votes

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

Jessikwa answered Sep 12, 2015

7.3k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers