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Find the Amount of Simple Interest on a Loan of $3,500

Question 67

Multiple Choice

Find the amount of simple interest on a loan of $3,500 at $9 \frac { 1 } { 2 } \%$ interest for 14 years.

A) $332.50
B) $387.92
C) $1,155.00
D) $4,655.00

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