You put $750 into a certificate of deposit. Your simple annual interest rate is

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โœช Choose the correct option.

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A. 5years
B. 6years
C. 7years
D. 8years

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