Lou Hinton's savings account (offering 12% simple interest) showed the following activity for the month of June:
Opening balance $2,000
6/10 Deposit 1,000
6/20 Withdrawal ( 800)
6/30 Ending Balance 2,200
Interest earned in June with the minimum balance method would be
A)
$20.00.
B)
$22.00.
C)
$30.00.
D)
unknown.
A
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