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If a person invests $2500 at a simple interest rate of 8% per annum, how much in

Practice Questions

Q1
If a person invests $2500 at a simple interest rate of 8% per annum, how much interest will he earn in 6 years?
  1. $1200
  2. $1000
  3. $800
  4. $600

Questions & Step-by-Step Solutions

If a person invests $2500 at a simple interest rate of 8% per annum, how much interest will he earn in 6 years?
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