Ask Question
8 January, 17:24

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

+1
Answers (1)
  1. 8 January, 19:02
    0
    1% would be £60

    3% would be £180

    0.5% would be £30

    3.5% would be £210

    103.5% would be £6210
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers