# math

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1.John deposited \$40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will receive at the end of the 2 year period.

2. Find the simple interest on \$15,000.00 invested for 4 years at 12% per annum.

• math -

Interest = Principal * Rate * Time

• math -

2800

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