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What is the simple interest on $1000 at a rate of 5% per annum for 3 years?

Practice Questions

Q1
What is the simple interest on $1000 at a rate of 5% per annum for 3 years?
  1. $150
  2. $100
  3. $50
  4. $75

Questions & Step-by-Step Solutions

What is the simple interest on $1000 at a rate of 5% per annum for 3 years?
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