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Mathematics, 16.11.2020 22:30 lennyatme

Sam invests $9,400 in a fund yielding 5.2% simple interest annually. At the same time, Pat shops around for a better interest rate and invests $9,400 in a fund yielding 6.0% simple interest annually. After seven years, how much more interest has Pat’s fund earned than Sam’s fund? a.
$817.80
b.
$3,948.00
c.
$652.40
d.
$526.40

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