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IgorC [24]
3 years ago
8

If a person lent $500 at 24% simple interest per annum for 8 years, then what is the amount of

Mathematics
1 answer:
ohaa [14]3 years ago
4 0
500 x .24 = 120
120 x 8 = 960
You gain $120 of interest each year after 8 years you’ve gained $960 total in interest
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