The simple interest on a loan of $200 at 10 percent interest per year is $10 per year until the loan is paid o

Question

The simple interest on a loan of $200 at 10 percent interest per year is

$10 per year until the loan is paid off. 
$15 per year until the loan is paid off.
$20 per year until the loan is paid off.
$25 per year until the loan is paid off.

GPT-5 mini · Answer

$20 per year until the loan is paid off.

Explanation: Simple interest = principal × rate = $200 × 0.10 = $20 per year.

The simple interest on a loan of $200 at 10 percent interest per year is

$10 per year until the loan is paid off.
$15 per year until the loan is paid off.
$20 per year until the loan is paid off.
$25 per year until the loan is paid off.

All Answers 1

Submit Your Answer

The simple interest on a loan of $200 at 10 percent interest per year is $10 per year until the loan is paid off. $15 per year until the loan is paid off. $20 per year until the loan is paid off. $25 per year until the loan is paid off.

All Answers 1

Submit Your Answer

The simple interest on a loan of $200 at 10 percent interest per year is

$10 per year until the loan is paid off.
$15 per year until the loan is paid off.
$20 per year until the loan is paid off.
$25 per year until the loan is paid off.