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Bobby invested $12,000 in an account today that pays 3.75 percent simple interest. How much more could he have earned over a period of 13

Bobby invested $12,000 in an account today that pays 3.75 percent simple interest. How much more could he have earned over a period of 13 years if the interest had compounded annually?

$142,485
$13,515
$1,515
$19,635
$17,850

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