Arithmetic Ability
Simple Interest

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Q.

An investment bond is offered to the public at 9% p.a. Louise buys a bond worth $2000 that will mature in 2 years. How much in total will Louise receive at the end of the 2 years?

View Answer

Correct choice: B

Explanation:

I = (P x r x t)/100 I = $360 A = P+I A = 2360
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