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Amanda opened a savings account with a $550 deposit. Her money earns 3.8% simple interest per year. How much interest will she earn on her deposit in 5 years?
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Apr 15, 2022
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Amanda opened a savings account with a $550 deposit. Her money earns 3.8% simple interest per year. How much interest will she earn on her deposit in 5 years?
Mathematics
high-school
Gareve
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$104.5, i got that by finding out the 3.8% of 550 which was 20.9 and multiplying 20.9 times 5 which is 104.5. Don't let yourself go by what i say, always double check but that's just how i think you do it.
Adam Nagy
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Apr 22, 2022
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