What is the total amount of interest gained from investment

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Reference no: EM133664049

Problem: Dr. Jones deposited $2000 in a RBC savings account at rate of 3.75% simple interest. Eight months later, she deposited an additional $3000 into the account with the same simple interest rate of 3.75%. Find the total amount in the account three years after the first deposit using the maturity formula. What is the total amount of interest gained from this investment?

Reference no: EM133664049

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