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Respuesta :

9514 1404 393

Answer:

  $7.50

Step-by-step explanation:

The monthly interest rate is 3%/12 = 1/4%. The dollar amount of interest earned in 3 months is ...

  I = Prt = $1000(0.0025/mo)(3 mo) = $1000(0.0075) = $7.50