Multiple Choice
Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
-p = $88,000, r = 4%, t = 4 years
A) $1408.00
B) $88,000.00
C) $5500.00
D) $14,080.00
Correct Answer:
Verified
Correct Answer:
Verified
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