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

asked Oct 2, 2023 171k views

23 votes

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

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7 votes

B 3.30 is the answer

Gmustudent answered Oct 3, 2023

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5 votes

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

Jeff Garrett answered Oct 7, 2023

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