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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    Calculate the Amount of Interest If $700
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Calculate the Amount of Interest If $700

Question 45

Question 45

Multiple Choice

Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.


A) $111.65
B) $105.88
C) $10 587.50
D) $1058.75
E) $158.65

Correct Answer:

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