A person invests $2000 in a stock that gives a simple interest of 6% per annum.

Practice Questions

Q1
A person invests $2000 in a stock that gives a simple interest of 6% per annum. What will be the total amount after 3 years?
  1. $2400
  2. $2200
  3. $2600
  4. $2300

Questions & Step-by-Step Solutions

A person invests $2000 in a stock that gives a simple interest of 6% per annum. What will be the total amount after 3 years?
No concepts available.
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