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9,600 is invested at 8% per annum simple interest for 5 years. What is the simple interest payable? 

Guest Mar 8, 2017
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9,600 is invested at 8% per annum simple interest for 5 years. What is the simple interest payable? 

 

9,600 x 8/100 =$768.00 simple interest for 1 year.

$768.00 x 5 =$3,840.00 simple interest for 5 years.

Guest Mar 8, 2017

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