If, on March 11, $12,000 Was Placed in an Investment

question 215

Multiple Choice

If, on March 11, $12,000 was placed in an investment earning an interest rate of 16%, on what day will the amount of interest earned reach $1,000?

• A) Jul. 10
• B) Jan.19
• C) Apr. 13
• D) Nov. 1
• E) Sept. 18

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Service-Sponsored Retail Franchise System

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