David opened a savings account that pays 1.7 percent interest annually. if his initial deposit is $250, how much interest will he earn in three months?

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asked Jun 9, 2018 197k views

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David opened a savings account that pays 1.7 percent interest annually. if his initial deposit is $250, how much interest will he earn in three months?

Business
high-school

Nils Gudat asked

by Nils Gudat

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4 votes

none because he has an annual interest
If he had a smaller monthly interest he would earn more

Chris Denman answered Jun 16, 2018

by Chris Denman

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