ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Roxanne has $3, 000 that she plans to invest into an account that earns 7% simple interest. Assuming she makes no additional deposits or withdrawals, how much interest will Roxanne earn after 15 years?
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$3, 150
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$6, 150
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$150
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$5, 277.09
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Explanation:
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