Multiple Choice
The simple interest (I) on a certain amount of money (p) that is invested at a specified interest rate (r) for a specific period of time (t) can be found by the formula I = prt. Find the interest on a principal of $100 invested at 3% yearly for 7 years.
A) $21.00
B) $2100
C) $18.90
D) $1890.00
Correct Answer:
Verified
Correct Answer:
Verified
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