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A savings account pays interest of 1.1%. Interest is calculated on the daily closing balance and paid at the close of business on the last
A savings account pays interest of 1.1%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. A depositor had a $2399 opening balance on September 1, deposited $894 on September 7 and $487 on September 21, and withdrew $460 on September 10.
What interest will be credited to the account at the month's end?
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