A person invests $5000 in a stock that gives a simple interest of 6% per annum.

Practice Questions

Q1
A person invests $5000 in a stock that gives a simple interest of 6% per annum. What will be the interest earned in 3 years?
  1. $900
  2. $800
  3. $600
  4. $700

Questions & Step-by-Step Solutions

A person invests $5000 in a stock that gives a simple interest of 6% per annum. What will be the interest earned in 3 years?
No concepts available.
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