Vernon Taber deposited his $2000.00 scholarship money in a savings account at State Home Savings Bank on June 1. At the end of 2 months, interest was computed at an annual interest rate of 6 percent. How much simple interest did his money earn?

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Vernon Taber deposited his $2000.00 scholarship money in a savings account at State Home Savings Bank on June 1. At the end of 2 months, interest was computed at an annual interest rate of 6 percent. How much simple interest did his money earn?






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