07-01-2019
Mathematics

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an amount of 8,000 is invested at a simple intrest rate of 1.5% what is the total amount after 3 years

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trevordoyleione trevordoyleione

07-01-2019

Simple interest formula:
P(I x t).
8000(0.015 x 3)
8000((0.045) = 360
8000 + 360 = 8360

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