Question: Incorrect answer iconYour answer is incorrect. Determine the amount of interest that will be earned on each of the following investments: (Round answers to 2

Incorrect answer iconYour answer is incorrect.

Determine the amount of interest that will be earned on each of the following investments: (Round answers to 2 decimal places, e.g. 15.25.)

(i) (n)
Investment Interest Rate Number of Periods Type of Interest Amount of Interest
a. $190 5% 1 Simple $enter a dollar amount rounded to 2 decimal places
b. $675 7% 3 Simple $enter a dollar amount rounded to 2 decimal places
c. $675 8% 2 Compound $enter a dollar amount rounded to 2 decimal places

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