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2 years ago

8

I invest £6400 in a savings account that pays 2.5% simple interest per annual. How much money will be there on the account at th

e end of 8 years?

1 answer:

Yuki888 [10]2 years ago

3 0

2.5% simple interest times 8 years is 20%.

20% of 6,400 is 1,280

Add to your initial investment of 6,400 and get

7,680

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