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Anna and Andrew open a joint account to a certain cooperative to have a better investment. The total amount they earned in selling rugs was put in their accounts in the cooperative to help their parents. Their total earnings amounting to 5,000.00 will earn an interest rate of 7.5% per year. Help them to compute for the simple interest earned and maturity value, if their money will be invested in 3 years.

- November 14, 2022 - Edwin Tunner

Anna and Andrew open a joint account to a certain cooperative to have a better investment. The total amount they earned in selling rugs was put in their accounts in the cooperative to help their parents. Their total earnings amounting to 5,000.00 will earn an interest rate of 7.5% per year. Help them to compute for the simple interest earned and maturity value, if their money will be invested in 3 years.

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