Simple Interest on a $25,000 Investment Over 9 Months
Simple Interest on a $25,000 Investment Over 9 Months
TGM Original
A sum of \(\$25 \; 000\) is invested at an annual rate of \(8\%\) simple interest.
After \(9\) months, all the money is withdrew.
How much is this amount?
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Answer:\(\$26\,500\).
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