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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 end of the month?

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 end of the month?
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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 end of the month?

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User Renan Lalier
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7.8k points

1 Answer

1 vote
it's al little over 190. you just divide the 1000 by the 5.25%.
answered
User Hermeneck
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8.2k points
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