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How much interest will be paid in 1 year for a loan of $2800 at 5 1/2% simple interest? A. $15,400 B. $154 C. $15.40 D. $1540

How much interest will be paid in 1 year for a loan of $2800 at 5 1/2% simple interest? A. $15,400 B. $154 C. $15.40 D. $1540
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How much interest will be paid in 1 year for a loan of $2800 at 5 1/2% simple interest?

A.
$15,400

B.
$154

C.
$15.40

D.
$1540

asked
User Aditya Ekbote
by
7.3k points

1 Answer

3 votes
the awnser is b $154 dollars of intrest will be paid

answered
User Russell England
by
8.0k points
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