Multiple Choice
If simple interest is calculated using the formula A=P(1+nr) where A is total principle and interest, P is principle, n is number of years, and r is rate, what would be the simple interest earned on an investment of $2000.00 at 12.5% for 9 years?
A) $4,250.00
B) $2,250.00
C) $1,250.00
D) $250.00
Correct Answer:

Verified
Correct Answer:
Verified
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