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28 July, 11:04

I invest £6400 in a savings account that pays 2.5% simple interest per annual. How much money will be there on the account at the end of 8 years?

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  1. 28 July, 12:49
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    2.5% simple interest times 8 years is 20%.

    20% of 6,400 is 1,280

    Add to your initial investment of 6,400 and get

    7,680
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