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2 of 6 Karl invested his savings in a short-term fund that was offering a simple interest rate of 3% p.a. The maturity value of

2 of 6 Karl invested his savings in a short-term fund that was offering a simple interest rate of 3% p.a. The maturity value of the investment at the end of 300 days was $48,648.67. a. Calculate the principal amount invested. $0.00 Round to the nearest cent b. Calculate the interest earned during the period

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