What sum of money will amount to 2,750 at the rate of 8% per year simple interest in 1 year
3 months?
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Answer:
amount=6050
Step-by-step explanation:
I=PRT/100
time=12months +3 months=15 months
I=2750*8*15/100
I=330000/100
I=3300
amount =P+I
amount =2750+3300
amount=6050
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