Mr Tom borrowed $2000 from a bank. The bank charges a simple interest of 7% per annum. Calculate the interest that he has to pay at the end of 3 years.

COMPOUND INTEREST

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	$420
B	$600
C	$2000
D	$250

Explanation:

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

COMPOUND INTEREST