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OpenStudy (anonymous):
Ponce Leon has a principal of $900 in his savings account on October 1. The money earns an APR of 6.5% calculated quarterly as simple interest. What is the amount in the account on July 1 of the following year
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OpenStudy (perl):
i think its just 900 ( 1 + .064 *1) , since it is simple interest and covers one year
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