Question

Jessica has an account with a credit union. Her account earns 2.2% simple interest yearly. Exactly a year and a half ago, she opened her account with $900. How much interest has she earned so far? A. $29.70 B. $2,970.00 C. $39.60 D. $23.76

Answer 1

$29.70

Explanation:

when she opened her account she opened it with $900.00 she will get 2.2% interest per year. she leaves it for 1 1/2 years. what you do it you multiply 900.00 x 2.2% that will give you $19.80 then you have to divide it by 2 and that will give you 9.90. then you add 9.90 + 19.80 = 29.70

900. x 2.2% = 19.80

19.80 divide by 2 = 9.90

9.90 + 19.80 $ 29.70