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You made a deposit of $100 into your bank account on January 1. On December 31, you receive a statement from your bank that shows

You made a deposit of $100 into your bank account on January 1. On December 31, you receive a statement from your bank that shows an interest amount of $3.04 based on an interest rate of 0.25% per month. This means that the interest on your bank account is ________ interest.

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