SOLUTION: A bank will pay $250.00 if I open an account for 3 months with a min bal of $10,000.00 SO WHAT would this equate as an interest rate?

SOLUTION: A bank will pay $250.00 if I open an account for 3 months with a min bal of $10,000.00 SO WHAT would this equate as an interest rate?

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Question 911872: A bank will pay $250.00 if I open an account for 3 months with a min bal of $10,000.00 SO WHAT would this equate as an interest rate?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
250/10000*4=0.1=10% per yr
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