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Re: If $2,000 were invested at 10% annual interest, how much profit would [#permalink]

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18 May 2017, 13:03

If $2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year? A. $0.2 B. $2 C. $20 D. $200 E. $2,200

SI = \(\frac{PTR}{100}\) (SI = Simple interest, P = Principal, T = Time, R = Rate of interest) SI = \(\frac{2000 * 1 * 10}{100}\) = 200 Hence profit after a year = $200 Answer D...

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