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Order the steps: total repayment under simple interest

Exercise and reference answers

Steps
  1. Apply the annual rate to the principal
  2. That gives one year's interest
  3. Multiply by the number of years
  4. Add the total interest to the principal
  5. The result is the amount repaid

Explanation

Interest first, then add it once at the end. Source: syllabus Maths, Ch 7 Comparing Quantities.
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