# MATH

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A customer has a balance of \$1,350. Interest is paid at the end of 12 months. Assuming the balance remains at \$1,350 for all 12 months, how much interest will be earned after 12 months if the interest rate on the account is 5.5%?

• MATH -

looks like a "simple interest" case

I = 1350 * .055 * 1 = .....

• MATH -

74.25

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