1.

How much interest will an investment of GHC5000 yield after five years at a simple interest rate of 8.5 percent per annum

Answer»

Interest = \(\frac {PRT}{100} = \frac {5000 \times 8.5 \times 5} {100}\)

\(= 5 \times 85 \times 5 \)

\(= 2125\)



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