If a person invests $2500 at a simple interest rate of 3% per annum, how much in

Practice Questions

Q1
If a person invests $2500 at a simple interest rate of 3% per annum, how much interest will he earn in 4 years?
  1. $300
  2. $200
  3. $150
  4. $100

Questions & Step-by-Step Solutions

If a person invests $2500 at a simple interest rate of 3% per annum, how much interest will he earn in 4 years?
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