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1 markPaper 1 · Multiple choiceSimple Interest

CSEC Mathematics · May/June 2013 · Paper 1 · Question Q22

If \7\ 000 is borrowed at the rate of 5\%$ per annum for 3 years, the simple interest is

  1. (A)\ 105$
  2. (B)\ 210$
  3. (C)\ 370$
  4. (D)\1\ 050$

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