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17 November, 13:22

If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1,083.60, how much was the interest?

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  1. 17 November, 14:46
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    The interest is $453.60.

    The total amount includes principal + interest. The principal was 630 and the total amount was 1083.60.

    1083.60 - 630 = 453.60.
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