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The Amount of Interest Earned by an Account Based on Simple

Question 75

Multiple Choice

The amount of interest earned by an account based on simple interest varies jointly as the principal amount and the number of years the investment has been held. If a principal of $6000 invested for 3 Years earns $540.00 in interest, how much would be drawn by $4000 invested for 8 years?


A) $480.00
B) $545.00
C) $960.00
D) $360.00

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