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For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is a. $83.75 b. $167.50 c. $500.00 d. $837.50

For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is a. $83.75 b. $167.50 c. $500.00 d. $837.50
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4 votes
For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is a. $83.75

b. $167.50
c. $500.00
d. $837.50

asked
User Luong Truong
by
7.9k points

1 Answer

5 votes
d 837.5 is the right answer
answered
User Sudharsan Selvaraj
by
7.4k points
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