You deposited $1,500 in a savings account that pays 3% interest annually, compounded monthly. After one year, your balance is $1,545.62. What is your rate of return for one year? 3% 1.03% 3.04% 0.03% - QAmmunity.org

You deposited $1,500 in a savings account that pays 3% interest annually, compounded monthly. After one year, your balance is $1,545.62. What is your rate of return for one year? 3% 1.03% 3.04% 0.03%

asked Aug 28, 2022 120k views

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