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How much interest will be paid in 1 year for a loan of $4200 at 8.5% simple interest? A $3.57 B $35.70 C $336 D $357

How much interest will be paid in 1 year for a loan of $4200 at 8.5% simple interest? A $3.57 B $35.70 C $336 D $357
asked 183k views
2 votes
How much interest will be paid in 1 year for a loan of $4200 at 8.5% simple interest?

A $3.57

B $35.70

C $336

D $357

asked
User Siddharth Srinivasan
by
8.2k points

2 Answers

5 votes

The answer is option D, $357. $4,200 divided by 0.085 equals $357. Hope I could help! :D

answered
User Kamal Soni
by
7.9k points
0 votes
D. 357
pretty sure it correct 99% sure

answered
User Eeji
by
8.1k points
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