How much interest will Brian earn on $875 in his savings account after 3 months if the annual interest rate is 5.5%?

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Zoey Cluff asked Jun 1, 2023

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How much interest will Brian earn on $875 in his savings account after 3 months if the annual interest rate is 5.5%?

Mathematics
college

Zoey Cluff asked Jun 1, 2023

by Zoey Cluff

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10 votes

385/32
Or
12.03125 or 12 1/32

Viacheslav answered Jun 2, 2023

by Viacheslav

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8 votes

Answer:

$12.03

Explanation:

I = prt

I = (875)(0.055)(3/12)

I = 12.03

Answer: $12.03

AnyDozer answered Jun 7, 2023

by AnyDozer

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