A business owner obtained a 6 000 loan at a simple annual interest rate of r percent in order to

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A business owner obtained a $6,000 loan at a simple annual interest rate of r percent in order to purchase a computer. After one year, the owner made a single payment of $6,840 to repay the loan, including the interest. What is the value of r ?
(A) 7.0
(B) 8.4
(C) 12.3
(D) 14.0
(E) 16.8: Asked In GRE Aashu (9 years ago); Unsolved Read Solution (1); Is this Puzzle helpful? (3) (3) Submit Your Solution Simple & Compound Interest

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There r few things whch we knw whch r nt capable of mathmatical reasoning nd when these can nt it is a sign dt our knowledge of them is very smal nd confusd nd where a mathmaticl reasing can be had . It is as dark a foly to make use a candle stick as to g

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Latest GRE Aptitude Question SOLUTION: A business owner obtained a $6,000 loan at a simple annual interest rate of r percent in order to purchase a computer. After one year, the owner made a single payment of $6,840 to

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(#M40151661) GRE Numerical Ability question Interest Keep an EYE