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Scott Used $4,000,000 from His Savings Account That Paid an Annual

Question 17

Multiple Choice

Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store.After one year,Scott sold the business for $4,100,000.His accountant calculated his profit to be:


A) $300,000
B) $100,000
C) $80,000
D) $20,000

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