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25 February, 23:11

How much simple interest is earned on investment of $1250 if the money is invested for five years at an annual interest rate of 4.5%

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  1. 25 February, 23:21
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    Interest = Principle x rate x Time divided by 100

    Interest = 1250 x 4.5 x 5 / 100 = 281.25
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