it should be solved step by step, and it is a question under simple interest. The principal is in Ghana cedis.
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Simple Interest=(Principal)*(Time in years)*(Interest rate percentage)/100=2000*1.75*8/100=280. (1 and 3/4 years is 1.75 or 7 quarters=7/4. The expression 2000*7/4*8/100=280. So simple interest is GHC280.

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