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14-12-2020
Mathematics

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If the balance at the end of eight years on an investment of $196 that has been invested at a rate of 9% is $337.12, how much was the interest

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Tundexi Tundexi

20-12-2020

Answer:

$141.12

Step-by-step explanation:

Initial investment = $196

After 8 years with 9% interest rate it becomes: $337.12

The amount of interest will be:

= $337.12 - $196

= $141.12

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