Townbank offers a term deposit account paying investors 12.5% p.a. simple intere

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โœช Choose the correct option.

Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?

A. 57500
B. 47500
C. 37500
D. 67500

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