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Question Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment
Question Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 290 days was $34,102.43. a. Calculate the principal amount invested. $0.00 Round to the nearest cent b. Calculate the interest earned during the period. $0.00 Round to the nearest cent Question 2 of 4 Adam's investment in his savings account matured to $5,169.03 at the end of 180 days. If the account was earning simple interest at a rate of 3.70% p.a., answer the following. a. What was Adam's initial investment? $0.00 Round to the nearest cent b. How much interest did Adam earn? $0.00 Round to the nearest cent
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