6
QuizMultiple Choice

Simple Interest

Question 6 • TCHS VV Financial Math A

Ike invests $7,660 in an account paying 7.27% simple interest annually. How much interest has Ike gained after four years?a.$222.75b.$2,227.53c.$1,392.20d.$13,922.05

Answer
A
A
B
B
C
C
D
D
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Ike invests $7,660 in an account paying 7.27%…