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Q.
At the beginning of March, Ryan had $621 in his savings bank account. On 10 March he deposited $60. If the bank pays 8% p.a. interest paid monthly and calculated on the minimum monthly balance, calculate the interest Ryan earns in March.
A.
2.14
B.
3.14
C.
5.14
D.
4.14
View Answer
Correct choice: D
Explanation:
I = (P x T x R) /100
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