1
lesson pretestMultiple Choice

Pretest

Question 1 • 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
4 dollars comma 500
B
26 dollars comma 125
C
1 dollars comma 125
D
29 dollars comma 500
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