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A student deposits $50,000 cash for his school fee in a bank that pays 20% simple interest per annum.

Question 37

This is part of my assignment. A student deposits $50,000 cash for his school fee in a bank that pays 20% simple interest per annum. If the man goes to withdraw the money after four years, determine the amount that he will get in his account?

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The amount she will get in her account... View the full answer

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