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?

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asked Jul 11, 2022 235k views

6 votes

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?

Mathematics
high-school

Trake Vital asked

by Trake Vital

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2 Answers

5 votes

Answer: Interest = Principal × Rate × Time

100

=> 6450×3.7×1

100

=> $238.65

Explanation:

Lydon Ch answered Jul 12, 2022

by Lydon Ch

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11 votes

Interest = Principal × Rate × Time

100

=> 6450×3.7×1

100

=> $238.65

Hope it helps!

Harald Coppoolse answered Jul 17, 2022

by Harald Coppoolse

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