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Montano1993 [528]
3 years ago
8

Calculate the amount earned if simple interest is paid on R2500 at 8.5% per annum for 4 years

Mathematics
1 answer:
arsen [322]3 years ago
3 0
The formula is
I=prt
I amount earned?
P 2500
R interest rate 0.085
T time 4years
I=2,500×0.085×4
I=850
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see the attached figure

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