Question

11. Find the amount of interest on $600, if a bank is paying 5.5% interest.

[A] $30 [B] $3.30
[C] $330
[D] $33
[E] $23

Answer 1

B 3.30 is the answer

Answer 2

B) 3.30 Since 600/100= 6 x 5.5= 3.30