a. What is the interest rate per month that is equivalent to 2.25% p.a.? %Round to two decimal places b. What was the total interest earned from both investments at the end of 7 months? Round to the nearest cent
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Diana invested her savings of $1,775 in a savings account that was earning simple interest at 2.25% p.a. She also invested $3,125 in her friend's business at 0.46% p.m.
a. What is the interest rate per month that is equivalent to 2.25% p.a.?
%Round to two decimal places
b. What was the total interest earned from both investments at the end of 7 months?
Round to the nearest cent
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