PLEASE HELP! THANKS
A problem is listed below. Identify its type.
Deborah deposits $300 into an account that pays simple interest at the rate of 6%. How much will she have at the end of 5 months?
a) Effective Rate
b) Future Value with simple interest
c)Future Value with compound interest
d) Present Value with simple interest
e) Simple Interest
f) None of the above.
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