Question 1208638
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If you invest R6000 for 5 months at 7%p.a. How much interest will you earn?
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<pre>
From the context, the account is a simple interest.


Use the formula for the simple interest 

    I = A*r*t,


where A is the initial deposit; r is the annual rate as the decimal value; t is the time in years.

So,

    I = {{{6000*0.07*(5/12)}}} = {{{60*7*(5/12)}}} = {{{(60/12)*7*5}}} = 5*7*5 = 175.


<U>ANSWER</U>.  The interest is R175.
</pre>

Solved.


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To see many other similar &nbsp;(and different) &nbsp;solved problems on simple interest accounts, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> 

in this site.


Learn the subject from there.