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QUESTION 7 of 20: Your savings account pays 2.5% interest per year. How much interest does the account pay per month. a) .02% b) 04% c) 21% d) 43%
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QUESTION 7 of 20: Your savings account pays 2.5% interest per year. How much interest does the account pay per month.

a) .02%
b) 04%
c) 21%
d) 43%

User Treefrog
by
3.4k points

2 Answers

4 votes

Answer:

c 21%

Step-by-step explanation:

i got it right

User ICrus
by
3.5k points
11 votes

Answer:

a) .02%

Step-by-step explanation:

One year has 12 months.

The interest rate per year = 2.5%

Interest earned per month will be

=2.5% / 12

=0.02%

User Zanchey
by
3.2k points
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