Dean invests $$\(\$ 500\)$$ for 10 years at a rate of $$\(1.7 \%\)$$ per year simple interest. Calculate the total interest earned during the 10 years. $$\(\$\)$$ ............................................

Mathematics
IGCSE&ALevel
CAIE
Exam No:0580_s20_qp_42 Year:2020 Question No:1(c)(i)

Answer:

85

Knowledge points:

E1.16.1 Use given data to solve problems on personal and household finance involving earnings, simple interest and compound interest. (Includes discount, profit and loss.) (Knowledge of compound interest formula is required.)

Solution:

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