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Answer:
Interest earned is $8.75
Total amount of money earned = 708.75
Explanation:
Principal = 700
Rate = 2.5%
Time = 6 months = 6/12 years = 0.5 years
Interest = PTR/100
= 700x0.5x2.5/100
= 8.75
Total amount = P + I
= 700 + 8.75
= 708.75
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