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calculate the amount of interest if $3000 is invested at 6.25% from.november 30, 2014 to may...

calculate the amount of interest if $3000 is invested at 6.25% from.november 30, 2014 to may 15,2015
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Answer #1

Invested amount = 3000

Interest rate = 6.25%

No of days the amount was invested = 167

Interest = Amount*Rate*No of days invested/365

=3000*6.25%*167/365

=85.79

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