Simon is 12 years old and has decided that he wants to buy a cycle when he turns 16. He has some money and thinks if he puts it in the bank for the next four years he will get enough interest to buy a car. If he invests `3000 and receives 4% simple interest over the next four years, how much will he have to spend on a new car?
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Answer:
152
Step-by-step explanation:
p=12
r=3000
t=4
12*3008*4÷100=14.4%
amount=p+si
12+140(14.4=140)
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