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Determine the Amount of (Simple) Interest That Would Be Earned

Question 45

Multiple Choice

Determine the amount of (simple) interest that would be earned over eight months at 26% on an investment of $43,500.

A) $11,309.99
B) $2,352.48
C) $7,540.00
D) $6,786.00
E) $5,367.03

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