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How much simple interest would you earn for 5 years at 7% with a beginning principal of $8,000.00

A. $2,800
B. $3,200
C. $3,300
D. $3,500

I couldn't figure it out and I need some help asap.

2 answers

I = PRT

I = 8,000 * 0.07 * 5

5(.07)(8000)=2800

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