Determine the amount of money accruing after $450.00 was invested for 4 years at 6%
per annum simple interest.
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Answer:
SI = P×R×T/100
450 = P× 6% × 4YEAR /100
450 = 24/100P
P = 450 × 100 / 24
P = 1875
AMOUNT = P + SI
A = 1875 + 450
A = 2325
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