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Christina is considering buying 1 2 units of 1 0 - year bonds from Bank of England. The bonds can be purchased in units of

Christina is considering buying

12

units of

10 -

year bonds from Bank of England. The bonds can

be purchased in units of

1150

at a

3.25 %

per annum simple interest at the end of each year.

What is the interest that Christina receives in total from Bank of England?

Round answer to two decimal points.

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