Calculate the Amount of Interest You'll Have at the End

question 158

Multiple Choice

Calculate the amount of interest you'll have at the end of the indicated period.
-You invest $800 in an account that pays simple interest of 4% for 5 year(s) .

• A)$40.00
• B)$160.00
• C)$16.00
• D)$640.00

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Definitions:

Gross Margin Ratio

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company's core activities.