Register

Jaycee Alvarez deposits $300 in a savings account at City Bank. The account pays an APR of 5%. She makes no other deposits or withdrawals. After three months, how much simple in…

Jaycee Alvarez deposits $300 in a savings account at City Bank. The account pays an APR of 5%. She makes no other deposits or withdrawals. After three months, how much simple in…
153k views
4 votes
Jaycee Alvarez deposits $300 in a savings account at City Bank. The account pays an APR of 5%. She makes no other deposits or withdrawals. After three months, how much simple interest does her money earn?

User Vhuynh
by
8.0k points

2 Answers

5 votes
I would hate to be a banker I would lose "interest " to quickly and for the question I believe it would be 15$ to get to this answer just multiply the 300$ by .05 which is the 5 percent and that gets you to 15
User Heartyporridge
by
7.9k points
5 votes
It wouldn’t be 15. Hope that helps
User Mowshon
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!