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  • How long will it take for an investment of R 3000 at 8% per annum simple interest to earn R 960 interest?

How long will it take for an investment of R 3000 at 8% per annum simple interest to earn R 960 interest?

Answers (1)

The simple interest per year = 8% of 3000 = 240 rupess

Time taken to earn 960 rupees = 960/240 = 4 years 

Posted by

Safeer PP

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