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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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