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    Exam 4: The Meaning of Interest Rates
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    For a 3-Year Simple Loan of $10,000 at 10 Percent,the
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For a 3-Year Simple Loan of $10,000 at 10 Percent,the

Question 70

Question 70

Multiple Choice

For a 3-year simple loan of $10,000 at 10 percent,the amount to be repaid is


A) $10,030.
B) $10,300.
C) $13,000.
D) $13,310.

Correct Answer:

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