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Janet deposited $1,250 in a savings account that earns 4.3% simple interest. How much intrest has Janet earned by the end of the first year? $290.70 $1,303.75 $53.75 $5,375.00
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Janet deposited $1,250 in a savings account that earns 4.3% simple interest. How much intrest has Janet earned by the end of the first year?

$290.70
$1,303.75
$53.75
$5,375.00

User Jim Rhodes
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1 Answer

3 votes
$53.75 in order to solve you have to first put the interest into a decimal.
4.3 so it equivalent to .043 and then you multiply 1250 by .043 to get the answer::)
User DankMemes
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