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3. In how many years will 500 accumulate to 630 at 7.8% simple interest? 4. If the nominal rate of interest is 12% per annum

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3. In how many years will 500 accumulate to 630 at 7.8% simple interest? 4. If the nominal rate of interest is 12% per annum on transactions of term a month, calculate the accumulation of 100 invested at this rate after 1 month

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