What is the simple interest due at the end of a one-year loan of $10,000 at an annual interest rate of 6%?

To calculate the simple interest due at the end of a one-year loan, you can use the formula for simple interest, which is:

Simple Interest = Principal × Rate × Time

In this situation:

• The principal (the amount of the loan) is $10,000.
• The annual interest rate is 6%, which can be expressed as a decimal (0.06).
• The time period for the loan is 1 year.

Plugging these values into the formula gives:

Simple Interest = $10,000 × 0.06 × 1 = $600

Thus, the simple interest due at the end of the year is $600.