Alan saved RM8000 in a fixed deposit account with a simple interest of 4% per annum and RM2000 in a savings account paying a simple interest of 1.25% per annum. How much money would Alan have after one year?

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1 Answer

8000*4%=8000*0.04=320

2000*1.25% =2000*0.0125=25

320+25=345
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