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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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30 votes
30 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

User Dmn
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2 Answers

17 votes
17 votes
B 3.30 is the answer
User Brett Cannon
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11 votes
11 votes
B) 3.30 Since 600/100= 6 x 5.5= 3.30
User HackyStack
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