Kaleem invests € 1000 at 6% interest per year.
Work out the total value of his investment after a year.
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Answer:
Investment of 1 year = 1000
Interest per year = 6%
So, interest amount of 1 year = 6% of 1000
= (6/100) *1000
=60
Value of investment after a year = invested amount+ interest amount
that is , €1000 + €60 = €1060
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