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The Tullytown Savings Bank pays 5 . 7 8 % simple interest on 6 - month certificates of deposit. If you deposit $ 1 5

The Tullytown Savings Bank pays

5.78 %

simple interest on

6 -

month certificates of deposit. If you deposit $

15, 250

in such a CD

,

how much will it be worth when it matures?

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