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Solve the Problem. -Kevin Invested Money in a Savings Account at a Rate

Question 112

Multiple Choice

Solve the problem.

-Kevin invested money in a savings account at a rate of 5% simple interest. After one year, he has $4935.00 in the account. How much did Kevin originally invest?


A) $51.95
B) $4930.00
C) $4700.00
D) $5194.74

Correct Answer:

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