A company has a $100,000 loan with 5% interest. The interest expense for the year is

date：2026-02-03 18:07:50 author：admin browse： time View comments Add Collection

 A company has a $100,000 loan with 5% interest. The interest expense for the year is

A company has a $100,000 loan with 5% interest. The interest expense for the year is:

A. $5,000

B. $500

C. $50,000

D. $0

Answer: A

Explanation: Interest = Principal × Rate = $100,000 × 5% = $5,000.