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CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
Pretest
Question 5
5
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Multiple Choice
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Question 5 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
The simple interest on a loan of $200 at 10 percent interest per year is
Answer
A
$15 per year until the loan is paid off.
B
$20 per year until the loan is paid off.
C
$25 per year until the loan is paid off.
D
$10 per year until the loan is paid off.
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