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Help ASAP. George receives a 3-year loan for $2000. At the end of the loan he has paid $30 in interest. What was his simple interest rate? A.50% B. 0.5% C.5% D. 0.05%

Help ASAP. George receives a 3-year loan for $2000. At the end of the loan he has paid $30 in interest. What was his simple interest rate? A.50% B. 0.5% C.5% D. 0.05%
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4 votes
Help ASAP. George receives a 3-year loan for $2000. At the end of the loan he has paid $30 in

interest. What was his simple interest rate?
A.50%
B. 0.5% C.5%
D. 0.05%

asked
User Chanikag
by
8.0k points

1 Answer

3 votes

B

Explanation:

2000$ is far from 30$ so it is b

answered
User Zerhinne
by
7.4k points
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