What is the simple interest on a principal of $2500 at a rate of 6% per annum fo

Practice Questions

Q1
What is the simple interest on a principal of $2500 at a rate of 6% per annum for 4 years?
  1. $600
  2. $480
  3. $720
  4. $500

Questions & Step-by-Step Solutions

What is the simple interest on a principal of $2500 at a rate of 6% per annum for 4 years?
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