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Compute the simple interest earned on a 1-year $200 deposit that earns 6% per year. A. $200 B. $120 C. $6 D. $12 E. $60

Compute the simple interest earned on a 1-year $200 deposit that earns 6% per year.

A. $200

B. $120

C. $6

D. $12

E. $60

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