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Q.
Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?
A.
434
B.
345
C.
235.20
D.
233.20
View Answer
Correct choice: C
Explanation:
I = (p x r x t)/100 I = $25.20 A = P+I A = 235.20
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