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A man deposited $800 in his account at the bank which offers 6% simple interest per annum a, how much interest would he receive on the $800 after 9 months b, how long it take for $800 to increase to $992
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A man deposited $800 in his account at the bank which offers 6% simple interest per annum

a, how much interest would he receive on the $800 after 9 months
b, how long it take for $800 to increase to $992

User Ucron
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1 Answer

4 votes

Answer:

Explanation:

after 9 months, the man will have received $836. It would take 4 years to get $992 with a 6% simple interest annually

User Themisterunknown
by
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