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Stephen lent his friend $100 at a simple annual interest rate of 6%. How much interest will Stephen earn at the end of 3 years? A. $7 B. $12 C. $15 D. $18
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Stephen lent his friend $100 at a simple annual interest rate of 6%. How much interest will Stephen earn at the end of 3 years?

A. $7
B. $12
C. $15
D. $18

User Mgutz
by
7.6k points

2 Answers

1 vote

Answer:

18

Explanation:

Hope it helps :D

User Birdmw
by
8.1k points
2 votes
D. 18

100 * 0.06 = 6
6 * 3 years = 18
User Lanes
by
8.3k points
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