# consumer economics

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Phonecia deposits \$300 into a simple interest account that pays 3%. After 7 months what will be the total value of her account?
A.\$309.00 B. 305.25 C. \$321.00 D. \$9.00

• consumer economics -

Is the 3% an annual percentage rate?

• consumer economics -

I"m not sure it doesn't say if it's annual.

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