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Question 44

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent:
-John Lee's savings account has a balance of $ 3965. After 27 months, what will the amount of interest be at 0.3% per year?


A) $ 38.90
B) $ 26.76
C) $ 146.85
D) $ 11.90

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