Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?
A) 57500 B) 47500 C) 37500 D) 67500
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Answer:
37500
Step-by-step explanation:
I = (p x t x r)/100
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