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$3,000 Is Invested for 15 Months at an Annual Simple

question 64

Multiple Choice

$3,000 is invested for 15 months at an annual simple interest rate of 12%. How much interest will be earned? Round your answer to the nearest dollar. ​


Definitions:

Mutualism

A type of symbiotic relationship where both participants benefit.

Benefit

A benefit is an advantage or profit gained from something.

Commensalism

A relationship between two living organisms where one benefits without harming the other.

Orchid

A diverse and widespread family of flowering plants with blooms that are often colorful and fragrant, known for their complex structures.

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