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Lyn invests $1000 for a term of 15months . intrest is paid at a flat rate of 3.75% per annum. how mucg will lyn's investment be worth at the end of the term

Lyn invests $1000 for a term of 15months . intrest is paid at a flat rate of 3.75% per annum. how mucg will lyn's investment be worth at the end of the term
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Lyn invests $1000 for a term of 15months . intrest is paid at a flat rate of 3.75% per annum.

how mucg will lyn's investment be worth at the end of the term

User SMPLYJR
by
8.3k points

1 Answer

2 votes
15/12=1.25
1000×3.75%=37.5
37.5×1.25=46.875
1000+46.875=1046.875
User Jon Gan
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