Solution:
We are given,
Principal = 8000
Interest rate = 7.2%
We have to find total earning after 10 years.
Let's assume
for one year, interest is 7.2 for 100
So for 8000 , interest = 7.2*80 = 576 for one year.
Hence for 10 years , 576*10 = 5760
So total amount = principal + interest
= 8000 + 5760 = 13760
Hence total earning = $13760
Done
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