Awnser this please correctly.
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Step-by-step explanation:
Principle =20,000
rate= 8%
time=
(in days )
Feb = 24
march= 31
April= 30
May=31
June= 6
Total = 122 days
terefore time = 122 / 365 days
Interest = principle × rate × time ÷ 100
= 20,000 × 8 × 122/365 ÷ 100
= 20,000 × 8 × 122 ÷ 36500
= 534.794
= 534. 80 ( rounding off)
Amount = principle + interest
= 20,000 + 534.80
=$ 20,534.80
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