If you deposit $2,345 into an account paying 6.5% per year simple interest, how much interest will be earned after 8 months?
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A. B. C. D. E.Explanation
The question only asks for the earned interest, not the total amount in the account. On the BAII Plus, press 2345 x 0.065 x 8 divide 12 = to see the answer. On the
HP12C, press 2345 ENTER 0.065 x 8 x 12 divide to see the answer.