Ask Question
27 March, 09:24

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

+5
Answers (1)
  1. 27 March, 09:39
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers