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Simple interest

DIFFICULTYintrostandardchallengeexam
QUESTION TYPEMix of allChange
Find simple interestFind the final amountNOWMix of allRecommended
Question 1 of 8

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Leah invests in a holiday fund at simple interest. There are no deposits, withdrawals or fees

Principal$4,800
Annual rate6% p.a.
Term1 year
1 mark

Find the interest earned for the stated term