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Answer:
11235.35
Step-by-step explanation:
Given data
P=8225
R=4.2%=0.042
T=8years
The simple interest formula is
A=P(1+rt)
Substitute
A=8225(1+0.042*8)
A=8225(1+0.336)
A=8225*1.366
A=11235.35
Hence the balance will be 11235.35