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After putting $400 into a savings account for 11 years at a 2.4% simple interest rate you withdraw $505.60. How much interest did you make?
After putting $400 into a savings account for 11 years at a 2.4% simple interest rate you withdraw $505.60. How much interest did you make?
a) $400.00
b) $105.60
c) $505.60
d) 2.4%
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