At the end of one year Jasmine will have the sum of $763
Calculation of interest rate
The principal amount (P)= $700
The interest rate(R) = 9%
The period of investment (T) = 1 year
Therefore simple interest
= P×T×R/100
= 700×1×9/100
= 6300/100
= $63
Therefore, the total amount she will receive at the end of a year = 700 + 63
= $763
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