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    What Is the Amount of Interest Owed on a Loan
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What Is the Amount of Interest Owed on a Loan

Question 16

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

Correct Answer:

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