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If a person invests $1000 at an annual interest rate of 5% for 3 years, what wil

Practice Questions

Q1
If a person invests $1000 at an annual interest rate of 5% for 3 years, what will be the total amount at the end of 3 years using simple interest?
  1. $1150
  2. $1200
  3. $1050
  4. $1100

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If a person invests $1000 at an annual interest rate of 5% for 3 years, what will be the total amount at the end of 3 years using simple interest?
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