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1. Calculate (a) the interest payable and (b) the total amount owing on the following deposits at simple interest.

(i) 300 borrowed for 5 years at 8% p.a.

(ii) 1000 invested for 4 years at 9.5% p.a.

(iii) 50 borrowed for 2 years at 18% p.a.

(iv) 2500 invested for 6 months at 8.75% p.a. (T = 0.5 years)

(v) 45 000 borrowed for 2 weeks at 15.5% p.a.

PLEASE SHOW YOUR SOLUTIONS CLEARLY AS I WILL BE NEEDING THEM, THANK YOU!

Exercises 1. Calculate (a) the interest payable and (b) the total amount owing on the following deposits at simple interest. (1) 300 borrowed for 5 years at 8% p.a. (ii) 1000 invested for 4 years at 9.5% p.a. (iii) 50 borrowed for 2 years at 18% p.a. (iv) 2500 invested for 6 months at 8.75% p.a. (T = 0.5 years) (v) 45 000 borrowed for 2 weeks at 15.5% p.a