Find the Simple Interest and the Amount on $1000 at 15

question 13

Short Answer

Find the simple interest and the amount on $1000 at 15% after 3 years.

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Definitions:

Equal

Denotes being the same in quantity, size, degree, or value.

Data

Quantitative or qualitative values that represent information or attributes, often collected to analyze patterns or trends.

Equal

Signifying that two or more entities share the same value or quantity, implying no difference in measurement or status between them.

Set of Data

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.