Question

Jorge has a loan of $25,230. This loan

has a simple interest rate of 6% per year.
What is the amount of interest that Jorge
will be charged on this loan at the end of
one year?
Oa $4205
Ob $1,513.80
Oc $15,138
Od $26,743.80

Answer 1

D. $26,743.80

Explanation:

25230(1+ .06(1))

type that in a calculator and you will get the correct answer of D.

Also I literally learned this 5 minutes ago and my teacher said I was correct.