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Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?

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addiexrus

your answer should be 12 !


Hope this helped, good luck in your future studies..

-A

The interest i.e. earned in the year is $12

Given that,

  • The amount put in a bank account is $300 with an interest rate of 4% and time period is 1 year.

The calculation is as follows;

= Interest rate of amount in the  bank account

= 4% of $300

= $12

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