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26 December, 11:57

A man deposited$800 in his account at a bank which offers 6% simple interest per annum. how much interest would he receive on the $800 after 9 months? how long would it take for the $800 to increase to $992

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  1. 26 December, 12:22
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    After 9 months, the man will have received $836. It would take 4 years to to get $992 with a 6% simple interest annually
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