Tanya Received a $1,000 Loan from the Bank for a Vacation

question 104

Multiple Choice

Tanya received a $1,000 loan from the bank for a vacation. The bank is using the simple interest formula for this one-year, 9% loan. What is her total interest?

• A) $9
• B) $45
• C) $90
• D) $450
• E) $1,009

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