Bob invests $500 into an account with 4.5%
1 answer:
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Answer: He earned 0.831% interest in total.
Step-by-step explanation:
Given: Shawn earned $2.77 per day for three days as interest on his $1,000.00 investment.
Interest per day = $2.77
Interest in 3 days = 3 x ($2.77)
= $8.31
Invested amount= $1000
Required percentage of earnings =
Hence, he earned 0.831% interest in total.