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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Tom Greene asked Jan 28, 2022

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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.

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

Mathematics
middle-school

Tom Greene asked Jan 28, 2022

by Tom Greene

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He received $14 because 7% of 200 = 14

Tin Tran answered Feb 4, 2022

by Tin Tran

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