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Suppose you deposit $100 at 4% annual interest for 6 months. How much simple interest will you have earned after that time? a. $2.00 b.

Suppose you deposit $100 at 4% annual interest for 6 months. How much simple interest will you have earned after that time?

a. $2.00

b. $2.40

c. $12.00

d. $24.00

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