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23 January, 08:31

Time = 8 years

Interest rate = 14%

Principal = $1,010

What is the total amount of simple interest that is earned?

a.$113.20

b.$1,131.20

c.$11,311.20

d.$113,112.00

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Answers (1)
  1. 23 January, 10:45
    +1
    B) 1,131.20 would be the answer. 1010x0.14=141.4x8=B
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