How much interest will earn on investment, Finance Basics

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How much interest will earn on investment

Problem: Kelly borrowed $2000 from his brother with a simple interest rate of 15%p.a. How much interest will he have to pay if the loan is for 3 years?

Stella invests $7000 in a business that offers 4.5% p.a. interest, compounding monthly. How much interest will Stella earn on her investment after 5 years?

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Finance Basics: How much interest will earn on investment

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