What Is the Amount of Interest Owed on a Loan

question 16

Multiple Choice

What is the amount of interest owed on a loan of $2,000 after a year at an interest rate of 10 percent?

• A)$2,100
• B)$2,200
• C)$200
• D)$100

---

Definitions:

Tort

A civil wrong that causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortious act.

Government

The system or group of people governing an organized community, often a state, including institutions and officials with authority to make and enforce laws.

Prosecutes

The act or process of conducting a legal action against someone in a court of law for a criminal offense.

Public Figure

An individual who has gained prominence in the public sphere or is in a position that attracts public attention.