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Gnacio earns 5 percent simple interest annually on his savings account. How much interest will he earn each month on $1250?

Gnacio earns 5 percent simple interest annually on his savings account. How much interest will he earn each month on $1250?
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gnacio earns 5 percent simple interest annually on his savings account. How much interest will he earn each month on $1250?

User MosheZada
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1 Answer

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It would be 62.50 i think because what I did is I multiplied 1250*0.05

User Abraham Cm
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