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Unformatted text preview: 12%. (a) What will be the total amount of money in your account after 1year? (b) What will be the total amount of money in your account after 5 years? 4. Suppose that you borrow $800 from a bank. (a) What is the interest on the loan of $800 at 9% annual simple interest for 4 months? (b) What is the interest on the loan of $800 at 9% annual simple interest for 30 months?...
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 '10
 Arabhi,Sundararajan
 Debt, Interest, 1 month, 4 months, 1year

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