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Mathematics

Answered

$7500 is invested at 3.5% per annum simple interest. How long will it take for the
amount to reach $8812.50?

Answer :

THECATLOVER790GO THECATLOVER790GO

Answer:

Required time will be 4 years.

Step-by-step explanation:

T=

(p×r)

(100×SI)

T=

(14000×4)

(100×2240)

T=

56000

224000

T=4

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