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Question 1 Simple Interest In April 2 0 1 4 , you brought a 1 0 - year Government bond for $ 1 6 0

Question

1

Simple Interest

In April

2014,

you brought a

10 -

year Government bond for $

16088

that pay

1.1 %

simple interest every year through April,

2024 .

How much total interest would it earn by then?

(

round to

2

decimal places

)

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