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30 November, 21:37

an amount of 8,000 is invested at a simple intrest rate of 1.5% what is the total amount after 3 years

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  1. 30 November, 21:59
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    Simple interest formula:

    P (I x t).

    8000 (0.015 x 3)

    8000 ((0.045) = 360

    8000 + 360 = 8360
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