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Arithmetic Ability
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Q.
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
View Answer
Correct choice: C
Explanation:
I = (p x t x r)/100
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