You invest $11,000 in an account that pays simple interest of 2% for 1 year. Calculate the amount of interest you'll have at the end of the indicated period. O $330 $11,220 $22 $220

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question 9
You invest $11,000 in an account that pays simple interest of 2% for 1 year. Calculate the amount of interest you'll have at the end of the indicated period.
O $330
O $11,220
O $22
O $220
A Moving to another question will save this response.
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Transcribed Image Text:maining Time: 1 hour, 11 minutes, O3 seconds. uestion Completion Status: A Moving to another question will save this response. Question 9 You invest $11,000 in an account that pays simple interest of 2% for 1 year. Calculate the amount of interest you'll have at the end of the indicated period. O $330 O $11,220 O $22 O $220 A Moving to another question will save this response. MacBook Air V 19 F1 & @ %24 9 3 R T Q G A C V B N M alt option command F. SI
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