ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When Lisa was born, her parents put $8, 000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.
A
$720
B
$20, 960
C
$1, 080
D
$12, 960
Explanation: 
There is 1 question to complete.
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