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Jack loaned Bob $1,500 at an annual interest rate of 7%. After one year, how much will Bob owe Jack?(a) $105(b) $1,500(c) $1,605(d) $1,507

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The Arithmetic Reasoning section in the ASVAB includes basic math processes like addition, subtraction, multiplication, and division.


1. Jack loaned Bob $1,500 at an annual interest rate of 7%. After one year, how much will Bob owe Jack?
(a) $105
(b) $1,500
(c) $1,605
(d) $1,507





 
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