How much simple interest does $3,600 earn in 2 years at an annual rate of 4.5 percent?
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Correct answer to question 194 (Arithmetic Reasoning): $324
Method
Simple interest is principal times rate times time. One year earns 3,600 x 0.045 = $162, so two years earn 2 x 162 = $324.
Updated: November 2026
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