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10-09-2022
Mathematics

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24) Samit invests $1800 at a rate of 4.5% per year simple interest.
Work out the value of his investment at the end of 4 years.

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10-09-2022

Answer: 2124 dollars

Step-by-step explanation:

4.5% of 1800 is 81. As it is simple interest and not compound, it does not change each year. Therefore, 81 x 4 is 324. 1800+324 = 2124 dollars

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