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If a person invests $1000 at an interest rate of 5% per annum, what will be the

Practice Questions

Q1
If a person invests $1000 at an interest rate of 5% per annum, what will be the total amount after 3 years using simple interest?
  1. $1150
  2. $1200
  3. $1100
  4. $1050

Questions & Step-by-Step Solutions

If a person invests $1000 at an interest rate of 5% per annum, what will be the total amount after 3 years using simple interest?
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