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A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?
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A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?

User Ypnos
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2 Answers

6 votes
Answer: $58,000 = 12% = $65,856
User Pieter Van Den Ham
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8.2k points
5 votes
To find the answer we simply have to find 12% of 58,800. So to do that, we can multiply it by .12

58,800 • .12 = 7,056

So $7,056 is earned per year
User Mundi
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8.1k points
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