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5 March, 06:20

Suppose you deposit $100 in Account A with a simple interest rate of 3.4%, and $300 in Account B with a simple interest rate of 1.8%. One year later, you get a bank statement, that shows the interest for Account A is $3.40 and the interest for Account B is $540.00. Which account is incorrect?

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  1. 5 March, 07:32
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    Answer:Statement for Account B is incorrect.

    Step-by-step explanation:

    Interest for Account B should be 300 x 1.8% = $5.40
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