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Ostrovityanka [42]

4 years ago

9

If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the en

d of the month?

1 answer:

Art [367]4 years ago

4 0

Interest earned=principle×interest rate×time
I=prt
I=1,000×0.0525×1
I=52.5

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