I am expecting compensation and I have bee told that they will pay interest on the total sum but a minimum amount of interest . So the total is £800.000 pounds with 7 years interest at the rate of 1 1/2% can you tell me what the total amount of interest is over the seven years
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1 Answer

?????????? 1.5 % interest ???????? thats 0.015

???????? simpel interest ??????

800,000*0.015=12,000 per yeer

* 7 yeers=84,000
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