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Arithmetic Ability
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Q.
Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the total amount collected at the end of the term.
A.
8125
B.
9125
C.
7125
D.
6125
View Answer
Correct choice: C
Explanation:
total interest=1187.50*6
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