What Is the Amount of Interest Owed on a Loan

question 120

Multiple Choice

What is the amount of interest owed on a loan of $75,000 after a year at an interest rate of 1 percent?

• A)$7,500
• B)$75,750
• C)$82,500
• D)$750

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A committee within a legislative body responsible for determining the terms and conditions under which legislation will be considered, including debating time and amendment allowance.

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