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Vincen
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Global Stats
A company deposits \(\$100,000\) in Bank \(A\) at \(9\) percent annual interest, and \(3\) months later it discovers that Bank \(B\) had offered \(10\) percent annual interest over the same three-month period. How much more interest would the company have earned had it deposited the money in Bank \(B\) rather than Bank \(A?\)
A. \(\$100\)
B. \(\$250\)
C. \(\$350\)
D. \(\$1,000\)
E. \(\$1,250\)
Answer: B
Source: Princeton Review
A. \(\$100\)
B. \(\$250\)
C. \(\$350\)
D. \(\$1,000\)
E. \(\$1,250\)
Answer: B
Source: Princeton Review
