Jevin has a bank account that pays him simple interest.
The bank statement below shows the transactions on Jevin’s account for the month of July.
- What amount, in dollars, did Jevin deposit in cash on 11 July? (1 mark)
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Interest for this account is calculated on the minimum monthly balance at a rate of 3.0% per annum.
- Calculate the interest for July, correct to the nearest cent. (2 marks)
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