Mike Branson invested his summer earnings of $6000 in a savings account for college. The account pays 2.5% interest. How much will this amount to in 3 months? Mike's savings will amount to $ in 3 months. (Round to the nearest cent as needed.) KEE

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A: Solution :  Given that  Mike pawns his watch for $120. After 30 days buys it back for $140

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A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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