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28 July, 01:45

In the situation, simple interest is calculated yearly.

How much interest was earned?

Principal: $8000; Time: 4 years; Interest rate: 12%; Interest:?

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Answers (1)
  1. 28 July, 05:39
    0
    I believe the total interest is 3840.

    (4 times. 12) times 8000
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