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Q23. Stephen invested a part of money under simple interest at 9% rate of interest and the other part at 12% rate of interest. the total inteest earned for one year is 150$
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Answer:
292.50 dollars
Work Shown:
P = 650 is the the principal.
r = 0.09 is the interest rate in decimal form.
t = 5 is the number of years.
i = P*r*t
i = 650*0.09*5
i = 292.50 is the simplest intrested
Friend this is the process but the correct answer u have find by your own ..... if I write the agade answer then what do you learn ..........
Hope you will find it useful and also you will understand......
Regards srjjita
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