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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