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A person invests $2000 at a rate of 5% per annum simple interest. How much inter

Practice Questions

Q1
A person invests $2000 at a rate of 5% per annum simple interest. How much interest will he earn in 3 years?
  1. $300
  2. $250
  3. $150
  4. $100

Questions & Step-by-Step Solutions

A person invests $2000 at a rate of 5% per annum simple interest. How much interest will he earn in 3 years?
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