TASC General Mathematics Level 3 Practice Questions - Tasmanian Assessment, Standards And Certification General Mathematics Level 3 (MTG315123) Exam

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An investor deposits $8,500 into a fixed deposit account earning 4.2% per annum simple interest for 3.5 years. Calculate the total interest earned.

$$1,249.50 $$9,749.50 $$1,275.00 $$1,385.20

Correct Answer:

$$1,249.50

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