Marc deposits $1000 into a savings account. The account pays 4% simple Interest on an annual basis. Is he does not add or withdraw money from the account, how much interest will he earn after 9 montgs?

Steven Shaw asked Oct 15, 2023

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Steven Shaw asked Oct 15, 2023

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8 votes

Answer:

Explanation:

1000*0.04 = 40

(9/12) * 40 = 30

Praful Gupta answered Oct 21, 2023

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