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Linda Deposited $3500 in an Account That Pays 5 1/2

Question 84

Multiple Choice

Linda deposited $3500 in an account that pays 5 1/2 % simple interest for 4 years.
a. How much interest will she earn in 4 years?
b. What will be the total value of the account after 4 years?


A) $780; $4280
B) $760; $4260
C) $790; $4290
D) $770; $4270

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