Multiple Choice
You invest $20,000.It earns simple interest at 7% for the first 5 months and 8% for the next 3 months.What is the accumulated value at the end of 8 months?
A) $20,998.06
B) $20,995.00
C) $20,986.30
D) $20,983.33
Correct Answer:
Verified
Correct Answer:
Verified
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