ECONOMICS (CBSE/UGC NET)

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ECONOMICS

SAVING AND INVESTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Using the simple interest formula, calculate the interest earned on $1, 200 after 1 year at 4% return.
A
$48.00
B
$4.80
C
$84.00
D
$8.40
Explanation: 
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