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If a person invests $1000 at an interest rate of 5% per annum, how much interest

Practice Questions

Q1
If a person invests $1000 at an interest rate of 5% per annum, how much interest will he earn in 3 years (simple interest)?
  1. 150
  2. 100
  3. 200
  4. 250

Questions & Step-by-Step Solutions

If a person invests $1000 at an interest rate of 5% per annum, how much interest will he earn in 3 years (simple interest)?
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