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You started a savings account by depositing $4,200. The savings account earns 1.2% APY. How much interest was earned in the first month?

Sagot :

Answer:

B

Step-by-step explanation:

Calculate the total amount in each account. Suppose 2,000 dollar is 3% deposited in a savings account that pays  interest, compounded quarterly. How much money will be in the account in one year?