A person invests $5000 at a simple interest rate of 8% per annum. How much inter

Practice Questions

Q1
A person invests $5000 at a simple interest rate of 8% per annum. How much interest will he earn in 2.5 years?
  1. $1000
  2. $800
  3. $600
  4. $500

Questions & Step-by-Step Solutions

A person invests $5000 at a simple interest rate of 8% per annum. How much interest will he earn in 2.5 years?
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