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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?
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3 votes
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?

User Nils Gudat
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7.1k points

1 Answer

4 votes
none because he has an annual interest
If he had a smaller monthly interest he would earn more
User Chris Denman
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