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Find the Simple Interest on Each Loan $\$ 7000$ At $7 \%$

Question 200

Multiple Choice

Find the simple interest on each loan.
-The bank loans you $\$ 7000$ at $7 \%$ interest for 6 months. Find the total amount due on the loan.

A) $\$ 490$
B) $\$ 245$
C) $\$ 7245$
D) $\$ 7490$

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