Question: ) a) i) Calculate the simple interest earned on a deposit of $ 800,000 after 12 years at a rate of 1.5% . ii) Calculate

) a) i) Calculate the simple interest earned on a deposit of $ 800,000

after 12 years at a rate of 1.5%.

ii) Calculate the Interest rate needed on an investment of $70,000 to gained

an interest of $31,500 in a period of 15 years.

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