Multiple Choice
Find the simple interest on a $200 investment made for 5 years at an interest rate of 8%/year. What is the accumulated amount?
A) The simple interest is $80,
The accumulated amount is $280.
B) The simple interest is $105,
The accumulated amount is $255.
C) The simple interest is $100,
The accumulated amount is $300.
D) The simple interest is $95,
The accumulated amount is $265.
Correct Answer:

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Correct Answer:
Verified
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