Find the amount of the investment at the end of the investment period

$7000 was invested for 4 years 7 months. This investment was offered a simple interest rate of 7% per annum for first two years and 8% per annum for the ensuing period. Find the amount of the investmemt at the end of the investment period.
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1 Answer

7000(1+0.07*2+0.08*(2+7/12))=$9426.67.

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