Alex takes a loan of $9,000 to buy a used truck at the rate of 9 % simple Interest.Calculate the annual interest to be paid for the loan amount.
Select the correct option
A) 680 B) 810 C) 800 D) 730 E) 750
From the details given in the problem Principle = P = $9,000 and R = 9% or 0.09 expressed as a decimal.   As the annual Interest is to be calculated, the time period T =1.   Plugging these values in the simple Interest formula,   I = P x T x R   = 9,000 x 1 x 0.09   = 810.00   Annual Interest to be paid = $810   answer :810
<result>B</result>
Alex takes a loan of $9,000 to buy a used truck at the rate of 9 % simple Interest.Calculate the annual interest to be paid for the loan amount.