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On August 1, 2020 a business deposited $28800 into a fixed deposit at ABC Bank....

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Accounting

On August 1, 2020 a business deposited $28800 into a fixed deposit at ABC Bank. The interest offered was at 6% per annum and is paid once per annum. what is the interest earned on the $28800 fixed deposit at the end of the first month on August 31, 2020?

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