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Tori deposited $3100 into a savings account that pays a simple annual interest rate of 3.38%. How much interest will she earn after 18 months? (please show work)
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Tori deposited $3100 into a savings account that pays a simple annual interest rate of 3.38%. How much interest will she earn after 18 months? (please show work)
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May 3, 2019
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Tori deposited $3100 into a savings account that pays a simple annual interest rate of 3.38%. How much interest will she earn after 18 months? (please show work)
Mathematics
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Bernard Paulus
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Multiply 3.38 by 18 to get 60.84
3.38*18=$60.84
Kyle Venn
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May 5, 2019
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Kyle Venn
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3.38% of 3100= 104.78, so 104.78x18=
1886.04 so the answer is $1886.04
hope i helped.
Bcasp
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May 8, 2019
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