If you borrow $1,700 at 7% simple interest, how much interest will you pay?

Question

A. $7.00
B. $120
C. $119
D. $1819

1,700x0.07

i chose c but i wanted to make sure

Answer 1

(C) is correct for a term of one year, which is not specified in the question.

Answer 2

Thank you!

Answer 3

You're welcome!