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Leslie wanted to invest $14,000 for one year. She had three options: Option 1 would pay her a 2.3%annual interest rate for the year. Option
Leslie wanted to invest $14,000 for one year. She had three options: Option 1 would pay her a 2.3%annual interest rate for the year. Option 2 would pay a 0.45% monthly interest rate for 1 year. Finally, Option 3 would would provide Leslie with $440 of interest at the end of one year.
What is the interest generated under option 2 presuming simple interest?
CALCULATED VARIABLES: op1 = $322
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