Register
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.
98.6k views
0 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 Coo
by
5.4k points

1 Answer

5 votes
He received $14 because 7% of 200 = 14
User Christopher Rogers
by
5.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
1/7 + 3/14 equivalent fractions
(3x1,000,000)+(3x100,000)+(2x100) what is this number written in standard form?
The function h = -t2 + 95 models the path of a ball thrown by a boy where h represents height, in feet, and t represents the time, in seconds, that the ball is in the air. Assuming the boy lives at sea
Link Copied!