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7 March, 04:16

sarah invests £9600 at a simple interest rate of 8% per year. Work out the value of the investment after 3 years

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  1. 7 March, 07:48
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    Step-by-step explanation

    Simple interest = PRT/100

    interest on £9600 = 9600*8*3 / 100

    = £2304

    So the value after 3 years = 9600 + 2304

    = £11,904
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