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How much simple interest will be due on a loan of $7000 at a 3.75% annual interest rate for one year?

A.
$7262.50

B.
$2625.00

C.
$262.50

D.
$37.50



Answer :

wippin2015
C.   turn 3.75 into a decimal, then multiply it by 7000. Then you get your answer which is 262.50.dont forget to move the decimal:)

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