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Answered

How much simple interest will be due on a loan of $6000 at a 3.5% annual interest rate for one year?




A.

$210



B.

$350



C.

$2100



D.

$6210

Verified Answer :

SladeG4

1% would be £60
3% would be £180
0.5% would be £30
3.5% would be £210
103.5% would be £6210

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