Answer:
2 periods
Step-by-step explanation:
Simple interest is compounded one time, usually annually, although it could be less time or longer. Thus I answer 2 periods. If your choices include 2 years, that is most likely the answer.
To find the answer,
$10,000 x .03 = $300.
$600 / $300 = 2 periods.
Hope this helps.
Good luck
