Charlie invests $500 in a savings account with an annual interest rate of 12%. How much simple interest will he collect in 4 years? O 48 O 120 240 O 420 O O O

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assignment - 11. Quiz: Savings Accounts
ASSIGNMENTS
COURSES
SECTION 1 OF 1
QUESTION 2 OF 8
Attempt 1 of 1
1
4
7
8
<.
Charlie invests $500 in a savings account with an annual interest rate of 12%. How much simple interest will he collect in
4 years?
O 48
O 120
240
O 420
NEXT QUESTION
O ASK FOR HELP
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Transcribed Image Text:Assignment - 11. Quiz: Savings Accounts ASSIGNMENTS COURSES SECTION 1 OF 1 QUESTION 2 OF 8 Attempt 1 of 1 1 4 7 8 <. Charlie invests $500 in a savings account with an annual interest rate of 12%. How much simple interest will he collect in 4 years? O 48 O 120 240 O 420 NEXT QUESTION O ASK FOR HELP TURN IT IN Type here to search
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