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If you placed $1,000.00 in a savings account with an interest rate of 4.5%/ month versus an account with 3.75%/ month, how much more interest could you earn in that month?


$1.25 more

$12.50 more

$7.50 more

$75.00 more

Verified Answer :

Nirina7

if the rate is 4.5%/ month
so, it is 1000 x 4.5 ) / 100 = $45
if the rate is 3.75%/ month,
so it is 1000 x 3..75 ) / 100 = $37.5

so the answer is $45 - $37.5 = $7.50 more 

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