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6 January, 15:46

If $3,000 is invested at 7% for 6 months, how much simple interest is earned?

a 105.00

b 150.50

c 180.00

d 210.00

in the example given in the above question what is the maturity value at the end of the six months?

a 2,895.00

b 3,090.00

c 3,105.00

d 3,210.00

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Answers (1)
  1. 6 January, 16:04
    0
    The first one is

    a. 105

    because. 07 x. 5 x 3000 is equal to 105.

    I'm not sure about the second one though.
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