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If the simple interest on a sum of money is $300 after 3 years at a rate of 10%

Practice Questions

Q1
If the simple interest on a sum of money is $300 after 3 years at a rate of 10% per annum, what is the principal?
  1. $1000
  2. $900
  3. $800
  4. $700

Questions & Step-by-Step Solutions

If the simple interest on a sum of money is $300 after 3 years at a rate of 10% per annum, what is the principal?
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