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A man received 7 per cent interest on a loan of $200 for 1 year. How much interest did he receive? This is making a tad confused, even though i'm sure its easy to solve.
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15 votes
15 votes
A man received 7 per cent interest on a loan of $200 for 1 year. How much interest did he receive?

This is making a tad confused, even though i'm sure its easy to solve.

A man received 7 per cent interest on a loan of $200 for 1 year. How much interest-example-1
User Tom Greene
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1 Answer

11 votes
11 votes
He received $14 because 7% of 200 = 14
User Tin Tran
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