A person invests $1000 at a simple interest rate of 5% per annum. How much inter

Practice Questions

Q1
A person invests $1000 at a simple interest rate of 5% per annum. How much interest will he earn in 3 years?
  1. $100
  2. $150
  3. $200
  4. $250

Questions & Step-by-Step Solutions

A person invests $1000 at a simple interest rate of 5% per annum. How much interest will he earn in 3 years?
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