Find simple interest on $450 for 8 months ar 4% per year
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P = $450
R = 4% per annum
T = 8 months = 8÷12 = ⅔ years
Simple interest = (P×R×T)÷100
= (450×4×2÷3)÷100
= (150×8)÷100
= 1200÷100
= $12
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