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You invest 1000 in a fund earning simple interest at a rate of i% . You earn an effective rate of interest of 6.25% during

You invest 1000 in a fund earning simple interest at a rate of i% . You earn an effective rate of interest of 6.25% during the 9th year of the investment. Determine the amount the you will have after 10 years.

(A) 1500 (B) 2000 (C) 2250 (D) 2500 (E) 2750

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