You have just put $1,000 in an investment that offers a 12% annual yie
You have just put $1,000 in an investment that offers a 12% annual yield, using a simple interest calculation. At the end of two years your interest earned will be
A)
$120.00.
B)
$144.00.
C)
$240.00.
D)
$254.40.
ANSWER
C
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