Answered

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Suppose you deposit $100 in Account A with
a simple interest rate of 3.4%, and $300 in
Account B with a simple interest rate of 1.8%.
One year later, you get
a bank statement
that
shows the interest for Account A is
$3.40 and the
interest for Account B is $540.00.
a. Which account statement is incorrect?
b. What may have been the bank's error?

Sagot :

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