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Sagot :
Answer:
the answer is 236.25
Step-by-step explanation:
The interest rate on annual basis on the given account should be considered as 0.9%.
Calculation of the annual interest rate:
Here the interest amount be
= Future value - principal
= $12,324 - $12,000
= $324
Now the interest rate be like
Interest = Principal * rate * time period
$324 = $12,000 * rate * 3/ 100
So, the rate be 0.9%.
Hence, The interest rate on annual basis on the given account should be considered as 0.9%.
Learn more about interest rate here: https://brainly.com/question/14191952
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