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:

Counteroffer

A reply to an offer in which the original conditions are modified, effectively rejecting the initial offer and presenting a new one for consideration.

Offer Termination

the revocation, rejection, or expiration of a proposal before it is accepted, which effectively ends the offer and prevents it from becoming a binding contract.

Uniform Commercial Code

A standardized set of laws and regulations that govern commercial transactions in the United States.

United Nations Convention

An international treaty or agreement formulated under the auspices of the United Nations, aimed at regulating issues of global concern.