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A savings account earns 6% (APR) interest calculated monthly, paid into the account at the end of 6 months. Travis deposits $100 into the account at the beginning of the first month. At the end of each month, he deposits an additional $100 into the account. How much interest will Travis have earned after 6 months?

1 Answer

3 votes
The answer is $10.50
User Tan Wang
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