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32) Joe has $653 at Bank A and $429 at Bank B. He just received a bank statement informing him that for the past year

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32) Joe has $653 at Bank A and $429 at Bank B. He just received a bank statement informing him that for the past year he earned $30 in interest at Bank A and $24 in interest at Bank B. (a) Find the effective interest rate for each bank. (b) Which bank would you recommend that Joe should use for future savings

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