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1 markPaper 1 · Multiple choiceSimple Interest

CSEC Mathematics · May/June 2011 · Paper 1 · Question Q22

If \7000 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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