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Phyllis has $1,400 in her savings account. If the bank pays 2.25% interest per year on savings, how much interest does she earn in one year?

Phyllis has $1,400 in her savings account. If the bank pays 2.25% interest per year on savings, how much interest does she earn in one year?
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Phyllis has $1,400 in her savings account. If the bank pays 2.25% interest per year

on savings, how much interest does she earn in one year?

User Yasutaka
by
8.4k points

1 Answer

8 votes

Answer:

1400/100 x 2.25 = $31.50

User Esreli
by
7.9k points
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