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Grade 6 - Mathematics
8.13 Simple Interest Word Problems
Answer the following qustions. Also write at least five examples of your own.
: Jason deposited $1,000 in a bank account that gave an interest of 5% per annum. Interest is calculated every 6 months and added to the principal. Interest for next 6 months is calculated on the total amount. How much does he get after 1 year?
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