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Jenny has $300. She found a bank with an interest rate of 3.8% compounded monthly. How much interest would she earn in one year? (Round to the nearest cent-- 2 decimal places)

Jenny has $300. She found a bank with an interest rate of 3.8% compounded monthly. How much interest would she earn in one year? (Round to the nearest cent-- 2 decimal places)
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Jenny has $300. She found a bank with an interest rate of 3.8% compounded monthly. How much interest would she earn in one year? (Round to the nearest cent-- 2 decimal places)

asked
User Kumar Akarsh
by
8.4k points

1 Answer

2 votes

Answer:

311.60

Explanation:

answered
User Terence Chow
by
7.7k points
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