needs R10500 IN TEN in 10 months,with the deposit of 9000 two months ago at the interest rate of 11.5 per year.How much is needed in ten months

If I need 10500 in ten months,two months ago I deposited 9000 at a simple interest of 11.5% per year.How much will I still need in ten months?
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1 Answer

Interest = 9000*11.5/100=R1035, making R10035, which is short by 10500-10035=R465.

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