Answers FT GMS AMDM B IC – 72 InterestQuestion 6

6

QuizMultiple Choice

Interest

Question 6 • FT GMS AMDM B IC – 72

Determine the simple interest on an account paying 5.5% annually interest of an investment of $20,650.

Answer

A

$1115.65

B

$1125.55

C

$1135.75

D

$1145.45

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