An investment grows according to the rule: Next month's balance = 1.003 × Current balance. Find the percentage increase for one year.
A)0.003%
B)1.81%
C)0.3%
D)12.036%

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The Answer of An investment grows according to the rule: Next month's balance = 1.003 × Current balance. Find the percentage increase for one year.
A)0.003%
B)1.81%
C)0.3%
D)12.036%

An Investment Grows According to the Rule: Next Month's Balance