Question

Kyle has a loan of $32,890.

This loan has a simple interest rate of 8% per year
What is the amount of interest that Kyle will be
charged on the loan at the end of one year?
A) $2631.20
B) $264240
C) $2654,50
D) $266160
E) $2674.80
F) None of the above
O

Answer 1

The answer will be number A

Answer 2

A) 2631.20

Explanation:

8% of 32,890 is 2631.2