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Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?

434
345
235.20
233.20

Correct Answer: 235.20

Explanation:

I = (p x r x t)/100

I = $25.20

A = P+I

A = 235.20

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