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What is this simple interest of a loan for $1000 with 5% interest after three years

What is this simple interest of a loan for $1000 with 5% interest after three years
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What is this simple interest of a loan for $1000 with 5% interest after three years

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User Pinturikkio
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1 Answer

5 votes

1000 x 5 x 3= $15000/100 = $150 in simple interest

answered
User FabianoLothor
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