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Safe side bank pays an interest rate of 8% per year on certificate accounts. how much money must be put into an account to earn $60 in one year?

Safe side bank pays an interest rate of 8% per year on certificate accounts. how much money must be put into an account to earn $60 in one year?
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6 votes
safe side bank pays an interest rate of 8% per year on certificate accounts. how much money must be put into an account to earn $60 in one year?

User Fullstacklife
by
8.4k points

1 Answer

5 votes
?times .08=60
(So divide 60 by.08)
750
now check does
750 times .08=60

User Fullybaked
by
8.2k points
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