Compute the simple interest earned on a 1-year $200 deposit that earns 6% per year.

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Compute the simple interest earned on a 1-year $200 deposit that earns 6% per year.

Compute the simple interest earned on a 1-year $200 deposit that earns 6% per year.
A) $6
B) $60
C) $120
D) $12
E) $200

Textbook

Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

Read 220 times

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