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OpenStudy (1018):
What will be the future worth of money after 12 months, if the sum 25000 is invested today at a simple interest rate of 1% per month?
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OpenStudy (welshfella):
each month 1% of 25,000 is added so in 12 months 12 times this amount is added
OpenStudy (welshfella):
1% of $25,000 = $25000 / 100
OpenStudy (1018):
hey thanks!
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