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If, on March 11, $12,000 Was Placed in an Investment

Question 215

Multiple Choice

If, on March 11, $12,000 was placed in an investment earning an interest rate of 16%, on what day will the amount of interest earned reach $1,000?

A) Jul. 10
B) Jan.19
C) Apr. 13
D) Nov. 1
E) Sept. 18

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