ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Travisinvests $25, 000 in a savings account that pays 2.75% simple interest. How much interest does he earn each year?
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$787.50
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$625
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$657.50
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$687.50
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Explanation:
Detailed explanation-1: -Travis invests 25, 000$ in a savings account that pays 2.75% simple interest. How much interest does he earn each year? A 787.50$
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