Question

1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will receive at the end of the 2 year period.

2. Find the simple interest on $15,000.00 invested for 4 years at 12% per annum.
Ms. Sue
Interest = Principal * Rate * Time

2800
a man deposited $10000 in his account at a bank 6% simple interest per annum .how much intetrest would he receive on the 10000 afer 9 months

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