Question

Jane has $14000 in a savings account that earns 2.5% annually. How much interest will she have earned after 9 months?

Answer 1

Below

Explanation:

Interest for a WHOLE 12 months would be 14 000 * .025 = 350

but Jane had the account for 9 out of 12 months

9/12 * 350 = 262.50 dollars