Question

How much interest will be paid in 1 year for a loan of $5200 at 7 1/2% simple interest?

A.
$39

B.
$3900

C.
$390

D.
$3.90

Answer 1

I think the answer is C :3

Answer 2

@AravindG can you help? :3

Answer 3

How did you get that?

Answer 4

Well, someone told me it was that XD

Answer 5

Lol. Can you find out how much will be 7.5 percent of 5200 ?

Answer 6

okay! hold on, it will be 390

Answer 7

And what is option c

Answer 8

$390

Answer 9

Thank you!

Answer 10

;) yw