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OpenStudy (anonymous):
Henry opened a savings account. Four years later, he had earned a total of $1,200 in simple interest. If he made no additional deposits, and the annual interest rate was 6%, what was the initial principal? A. $5,000 B. $3,750 C. $2,500 D. $500
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OpenStudy (anonymous):
Do you know the formula for Simple interest?
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