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Hamada invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of
Hamada invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of th years, Hamada withdraws the accumulated amount of money, the amount of interest assuming the investment earns simple interest is: O a. $37,018.60 O b. $12,800 O c. $32,800. O d. $7,200
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