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How much interest will an investment of GHC5000 yield after five years at a simple interest rate of 8.5 percent per annum |
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Answer» Interest = \(\frac {PRT}{100} = \frac {5000 \times 8.5 \times 5} {100}\) \(= 5 \times 85 \times 5 \) \(= 2125\) |
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