Question

how much simple interest will be paid on $600.00 loan for 1 year of the interest rate is 7%?

Answer 1

Using the equation I = Prt
P = 600 
r = 7% = 0.07
t = 1
600* 0.07 * 1 = 42
A is your answer

Answer 2

I believe it's A.

Hope this helps!