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1) Mr. Isaac invested $7200 at 8% simple interest per annum.
Calculate:
a) The interest earned after 7 years.
b) The TOTAL amount of money in his account after 7 years,

Respuesta :

Answer:

Mr. Isaac should have gained $4,032 in interest, and the total amount of money he earned should be $11,232.

Step-by-step explanation:

0.08 * 7 = 0.56

0.56 * 7200 = 4,032

4,032 + 7200 = 11,232

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