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Algebra

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Moderate

Investment for Simple Interest

ALGEBR-1P@Z8$

You want to invest $\$4,000$ for $4$ years. You choose to go with a simple interest investment at a rate of $5.5$%.

After $4$ years, how much interest have you made?

A

$\$880$

B

$\$220$

C

$\$8.80$

D

$\$680$