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17-11-2020
Mathematics

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Mr. Altamirano opens an account with a simple interest on an account with $1000 at 3% annually for 9 months. How much interest did he earn?

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sicilianlitt68 sicilianlitt68

17-11-2020

Answer:

1022.50

Step-by-step explanation:

1000*.03= 30. (12mos interest)

30/4=7.50 quarterly interest

7.50x3 (9mos)= 22.50 interest

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