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if the simple interest generated on a sum of money was 1/12 of its value...

if the simple interest generated on a sum of money was 1/12 of its value at y% for 5years such that it amounted to#9600, compute the initial money saved. Find the value of "y" and it's actual interest.?
In Obafemi Awolowo University
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Asked by zion on 16th May, 2022
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