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Travis invests 25,000$ in a savings account that pays 2.75% simple interest. How much interest does he earn each year?
A 787.50$
B 625.00$
C 657.50$
D 687.50$
Since Travis invest $25,000 in a savings account, and the account pays 2.75% simple interest, I believe you will need to multiply 25,000 by 2.75. 25,000x2.75=$687.50 Therefore, it would be D: $687.50
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