Question: CASE 1: Chris invests $300 for 8 years at a simple interest rate of 12% per year. Find the amount of interest and the total

CASE 1: Chris invests $300 for 8 years at a simple interest rate of 12% per year. Find the amount of interest and the total amount. (Note: answers should be rounded off to two decimal places, include comma as separator and exclude currency sign. If your answer is three hundred and two hundred, it should be presented as: 300.00 and 200.00

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