Question 4 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27
Using simple interest, calculate principal × rate × time for each investment. Choice A earns $8,030 × 0.02 × 2 = $321.20, which is less than the interest from B ($608.32), C ($639.60), and D ($952.80). So the $8,030 investment for 2 years at 2.0% earns the smallest amount of interest.
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