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Steve deposited $1,250 into his savings account. The account earns an annual interest rate of 3%. How much interest will Steve earn after his money has been in the account for one year?
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Steve deposited $1,250 into his savings account. The account earns an annual interest rate of 3%. How much interest will Steve earn after his money has been in the account for one year?

User Saba Jamalian
by
8.1k points

2 Answers

3 votes

Answer:

the other guy is correct it is 41666.6666667

Explanation:

User Mark Attwood
by
8.2k points
11 votes

Answer:

41666.6666667

Explanation:

User Atconway
by
8.3k points
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