Simple Interest
Q: Paul invests K50,000.00 in a government bond at 9% simple interest per annum. How much will the bond be worth after 3 years?
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At the equinoxes (around March 21st and September 23rd), the sun is directly above the equator, and the circle of illumination passes through both poles. This results in exactly 12 hours of daylight and 12 hours of darkness at all latitudes across the Earth, including at 23.5°N (the Tropic of Cancer).
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