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30 June, 17:55

Theodore invested $19,000 at 11% simple interest for 1 year. How much is in the account at the end of the 1 year period

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  1. 30 June, 20:36
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    There is $21 090 in the account.

    After 1 yr, the account will gain 11 % interest.

    Interest = $19 000 * 0.11 = $2090

    Account = Principal + interest = $19 000 + $2090 = $21 090
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