a sum of money amounts to$2537.50 at 12½%simple interest per annum after 4 years find the sum
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Step-by-step explanation:
This is your answer.
Amount with simple interest
=PRT/100
=(2537.50×12.5×4)/100
= 1268.75
Amount= P+SI
=2537.50+1267.75
=$3806.24
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