A loan of $12000 was borrowed from the bank at 14% per annum calculate the interest on the loan at the end of the first year ?​

Loan borrowed = $12,000

Percentage of interest on the loan per annum = 14%

We know that :

In this case :

Simple interest at the end of the first year :

Thus, interest = $1680

Therefore, total interest on the loan at the end of one year = $1680

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b. xor is the correct answer