Fred puts $5,475 into a term deposit on May 15^th. The deposit earns a simple interest rate of 4%. If the term deposit will mature on August 14^th, how much interest will Fred earn? A) $35.40 B) $24.80 C) $36.00 D) $36.60 E) $54.60

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The Answer of Fred puts $5,475 into a term deposit on May 15^th. The deposit earns a simple interest rate of 4%. If the term deposit will mature on August 14^th, how much interest will Fred earn? A) $35.40 B) $24.80 C) $36.00 D) $36.60 E) $54.60

Fred Puts $5,475 into a Term Deposit on May 15th

Fred Puts $5,475 into a Term Deposit on May 15^th