Register
If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?
6.0k views
4 votes
If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?

User Hasan Veli Soyalan
by
8.5k points

1 Answer

3 votes
Interest earned=principle×interest rate×time
I=prt
I=1,000×0.0525×1
I=52.5
User SJHowe
by
7.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!