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What interest will he earn on his savings account

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Question - Liam wants to deposit a $2,650 bonus cheque into his high-rate savings account that pays interest of 3.15%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. If Liam's current balance is $9,055 and he does not make any withdrawals, what interest will he earn on his savings account for the month of March by depositing the cheque on March 11?

Reference no: EM132944463

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