Music Industry College
WorkSHEET 1.2 Simple and compound interest. Name: _____ /50. If $3200 is invested for 9 months at 5% p.a., calculate: the amount of simple interest earned. the total amount at the end of the term. Total amount A = $3200 + $120 = $3320. 2 How long will it take to earn $500 simple interest… ................
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