What will be the total amount after 4 years if $1000 is invested at a simple int

Practice Questions

Q1
What will be the total amount after 4 years if $1000 is invested at a simple interest rate of 6% per annum?
  1. $1200
  2. $1400
  3. $1600
  4. $1800

Questions & Step-by-Step Solutions

What will be the total amount after 4 years if $1000 is invested at a simple interest rate of 6% per annum?
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