Suppose First National Bank makes a one-year simple loan of $1,000 at 7% interest to Harry's Restaurant. At the end of one year Harry's Restaurant will pay First National
A)$934.58.
B)$1007.
C)$1700.
D)$1070.

Name: Suppose First National Bank makes a one-year simple loan of $1,000 at 7% interest to Harry's Restaurant. At the end of one year Harry's Restaurant will pay First National A)$934.58. B)$1007. C)$1700. D)$1070.
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The Answer is D

Suppose First National Bank Makes a One-Year Simple Loan of $1,000