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12 September, 12:44

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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  1. 12 September, 12:56
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    Interest earned=principle*interest rate*time

    I=prt

    I=1,000*0.0525*1

    I=52.5
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