Question

The simple interest on a loan of $200 to 10% interest rate per year is

$10 per year until the loan is paid off
$15 per year until the loan is paid off
$20 per year until the loan is paid off
$25 per year until the loan is paid off

Answer 1

20 dollars a year that’s the answer

Answer 2

Answer is : $20 per year until the loan is paid off