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Moderate

Investing Money Using Simple Interest

GMAT-OT1MVG

If $\$5,000$ is invested at $3.2\%$ using simple annual interest, how much money will you have in $30$ months?

A

$\$5400$

B

$\$5500$

C

$\$4800$

D

$\$4500$

E

$\$6000$