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Today, 15:20

Calculate the amount earned if simple interest is paid on R2500 at 8.5% per annum for 4 years

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  1. Today, 16:56
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    The formula is

    I=prt

    I amount earned?

    P 2500

    R interest rate 0.085

    T time 4years

    I=2,500*0.085*4

    I=850
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