Question

$720, 4.25%, 3 months

Answer 1

The interest earned on $720 at a rate of 4.25% over a period of 3 months is $30.60.

Step-by-step explanation:

The question is asking about $720, at an interest rate of 4.25%, over a period of 3 months.

To calculate the interest earned, we multiply the principal amount ($720) by the interest rate (4.25%) and divide by 100:

Interest = ($720 * 4.25) / 100 = $30.60

Therefore, the interest earned on $720 at a rate of 4.25% over a period of 3 months is $30.60.

Answer 2

$720 + 4.25% x 3 months = $2251.18
Hope this helps!!