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What is the future value of RM25,000 which grows at a simple interest rate of 11% per year for two years six months? Ans :

What is the future value of RM25,000 which grows at a simple interest rate of 11% per year for two years six months?

Ans : RM 3,1875

Pls attach the formula used, and explain in detail. Pls do not answer in excel format. Thank you in advance.

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