Steve deposited $1,250 into his savings account. The account earns an annual interest rate of 3%. How much interest will Steve earn after his money has been in the account for one year?

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asked Jun 17, 2022 17.0k views

6 votes

Steve deposited $1,250 into his savings account. The account earns an annual interest rate of 3%. How much interest will Steve earn after his money has been in the account for one year?

Mathematics
middle-school

Saba Jamalian asked

by Saba Jamalian

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2 Answers

3 votes

Answer:

the other guy is correct it is 41666.6666667

Explanation:

Mark Attwood answered Jun 20, 2022

by Mark Attwood

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11 votes

Answer:

41666.6666667

Explanation:

Atconway answered Jun 23, 2022

by Atconway

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