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12 November, 04:59

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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Answers (2)
  1. 12 November, 05:07
    0
    D. 18

    100 * 0.06 = 6

    6 * 3 years = 18
  2. 12 November, 07:52
    0
    The correct answewr is B
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