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24 May, 10:20

an amount of 8,000 is invested at a simple intrest rate of 1.5% what is the total amount after 3 years

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  1. 24 May, 12:58
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    Simple interest formula:

    P (I x t).

    8000 (0.015 x 3)

    8000 ((0.045) = 360

    8000 + 360 = 8360
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