Question

Lisa has $6450 in her savings account. If the bank pays 3.7% interest per year on savings, how much interest does she earn in one year?

Answer 1

Answer: Interest = Principal × Rate × Time

100

=> 6450×3.7×1

100

=> $238.65

Explanation:

Answer 2

Interest = Principal × Rate × Time

100

=> 6450×3.7×1

100

=> $238.65

Hope it helps!