If $30,000 is invested for one year at an annual interest rate of 13%, it will grow in value to ________.
A) $33,900
B) $36,208
C) $3900
D) $32,308
A) $33,900
Explanation: Principal $30,000
Add: Interest ($30,000 × 13%) 3900
Value after one year $33,900
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