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    Elementary Technical Mathematics
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    Exam 1: Basic Concepts
  5. Question
    Calculate the Amount of Simple Interest Earned
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Calculate the Amount of Simple Interest Earned

Question 40

Question 40

Multiple Choice

Calculate the amount of simple interest earned. $5,000 at 8% for 4 years


A) $20,000
B) $1,600
C) $400
D) $16,000
E) $32,000

Correct Answer:

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