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Jun put P 4 325 in a savings account 5 years ago, at 8% interest rate per annum. How much simple interest did his money earn?

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Mlcparra16id
(Please note that per annum means per year)
The Interest is computed by:
[tex]Interest=Percentage*Rate*Time \\ =4325*0.08*5=1730[/tex]

He earned P1,730.

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