How much interest will be paid in 1 year for a loan of $2800 at 5 1/2% simple interest?
A.
$15,400
B.
$154
C.
$15.40
D.
$1540
How much interest will be paid in 1 year for a loan of $2800 at 5 1/2% simple interest?
A.
$15,400
B.
$154
C.
$15.40
D.
$1540