In a certain year, James put $600 in a bank at
the end of March and $400 in the same bank
at the end of June. The bank offers 3% per annum
simple interest rate. Find the total amount that
James receives from the bank at the end of
December in that year.
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Answer:
I = Prt
600(.03)(9/12) + 400(.03)(6/12) = $19.50
Step-by-step explanation:
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