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An investor invested $ 5 0 0 two years ago at 7 percent interest. The first year, the investor earned $ 3 5 in interest,
An investor invested $ two years ago at percent interest. The first year, the investor earned $ in interest, which they left in the account. The second year, the investor earned $ in interest. The extra $ they earned in interest the second year is referred to as:
Multiple Choice
simple interest.
bonus income.
free interest.
present value interest.
interest on interest.
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