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These banks pay annual interest on savings accounts as follows: Berkshire Bank, 4.1%; Banknorth, 3.85%. What is the difference in the interest paid by these banks if $20,000 is kept on deposit for one year?

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These banks pay annual interest on savings accounts as follows: Berkshire Bank, 4.1%; Banknorth, 3.85%. What is the difference in the interest paid by these banks if $20,000 is kept on deposit for one year?






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