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If the simple interest on a certain amount for 4 years is $200 at a rate of 5% p

Practice Questions

Q1
If the simple interest on a certain amount for 4 years is $200 at a rate of 5% per annum, what is the amount?
  1. $800
  2. $1000
  3. $1200
  4. $1500

Questions & Step-by-Step Solutions

If the simple interest on a certain amount for 4 years is $200 at a rate of 5% per annum, what is the amount?
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