Find the amount when principal = 3500
time=7 years
and interest rate=8%
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Step-by-step explanation:
Simple Interest = P × R × T / 100
Simple Interest = 3500 × 8 × 7 / 100
Simple Interest = 1960
Amount = Simple Interest + Principal
Amount = 1960 + 3500
Amount = 5460
Hope it Helps !!
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