find the simple interest at the rate of 5% p.a. for 3 years on that principal which in 4 year's,8 months at the rate of 5% p.a. gives $ 1200 as simple interest?
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28
Answer: Hope this helps.
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Answered by
1
Answer:
$771.43
Step-by-step explanation:
4 years 8 months = 56 months.
3 years = 36 months
56 months = $1200
36 months = ?
cross multiply
36 months * $1200
56 months
$43200/56
= $771.428
= $771.43
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