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MMLU-Pro / 394 / How much money must be on deposit for 3 months at an annual interest rate of 3%…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

How much money must be on deposit for 3 months at an annual interest rate of 3% in order to earn $11.25 in interest. Verify your answer, using the formula Interest = Principal × rate per year × time (in years) orI =Prt.

category

business

options

  1. $1000
  2. $1200
  3. $900
  4. $1500
  5. $1350
  6. $1600
  7. $1800
  8. $2000
  9. $750
  10. $1125

src

stemez-Business

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Source and history

Official source

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