A loan of $3,000 is taken at 6 percent simple interest for 3 years. What total amount is repaid?
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Correct!
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Correct answer to question 96 (Arithmetic Reasoning): $3,540
Method
The interest is 3,000 x 0.06 x 3 = $540, and the question asks for the total repaid, so add the principal to get $3,540. Answering $540 gives the interest alone.
Updated: November 2026