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7 September, 09:29

Anna invests $875 into an account and receives 4% simple interest for 24 months. How much simple interest will she earn?

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  1. 7 September, 11:00
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    Answer: SI = $70

    Step-by-step explanation:

    SI = prt / 100

    24 months = 2 years

    = (875 x 4 x 2) / 100

    = 70
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