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26 August, 06:52

A deposit of 4000 at 9.5% for 270 days

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  1. 26 August, 10:46
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    The deposit is 4,000 so P = 4000.

    The interest rate is 9.5%

    9.5 : 100 = 0.095.

    r = 0.095: I = P*r*t*: I = P*r*tl = 4000*0.095*

    (270/365) I = 281.095890410959 I = 281.10

    So your answer would be: 281.10
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