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    Principles of Microeconomics
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    Exam 17: Interest, Rent, and Profit
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    If Sam's $800 Earns Him a 6 Percent Rate of Interest
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If Sam's $800 Earns Him a 6 Percent Rate of Interest

Question 23

Question 23

Multiple Choice

If Sam's $800 earns him a 6 percent rate of interest, each year he receives


A) $480
B) $48
C) $4.80
D) $80
E) $75

Correct Answer:

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