3
QuizMultiple Choice

Financial Applications of Fractions, Decimals, and Percentages — Quiz

Question 3 • Financial Math

A bank published a special loan with a simple interest rate of 4 point 5 percent If the loan for 25 dollars comma 000 is repaid after 4 years, how much interest was paid?

Answer
A
1 dollars comma 125
B
26 dollars comma 125
C
29 dollars comma 500
D
4 dollars comma 500
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