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You deposited a $1,000 in your account in a bank that gives a daily interest of i where interest is paid monthly. Assuming simple interest,
You deposited a $1,000 in your account in a bank that gives a daily interest of i where interest is paid monthly. Assuming simple interest, calculate the interest rate (i) that will result in $1,006 in your bank account after a month. Select one: a. 0.020 % b. 0.040 % C. 0.016 %
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