Question

Mr horodyski recently opened a high-yield savings account at valley bank that earns 5.115% interest. He deposits $23,000.00 and leaves it in the account for 1 year.

Answer 1

Paul must go to the class, Jean must go to the class how to this sentence joint from the correlative conjunction

Answer 2

$1,177.45.

Explanation:

To calculate the interest earned by Mr. Horodyski's high-yield savings account, we can use the formula:

Interest = Principal * Rate * Time

Here's how we can calculate the interest earned step-by-step:

1. Determine the principal amount: The principal amount is the initial deposit, which is $23,000.00 in this case.

2. Identify the interest rate: The interest rate on the savings account is 5.115%.

3. Calculate the time: The account is left for 1 year, so the time is 1.

4. Plug the values into the formula:

Interest = $23,000.00 * 5.115% * 1

5. Calculate the interest:

Interest = $23,000.00 * 0.05115

Interest = $1,177.45

Therefore, the interest earned by Mr. Horodyski's high-yield savings account after 1 year is $1,177.45.