Emmett has $90,000 in a savings account that earns 5% interest per year. The interest is not compounded. How much interest will he earn in 4 months?

asked Jun 26, 2022 187k views

14 votes

Emmett has $90,000 in a savings account that earns 5% interest per year. The interest is

not compounded. How much interest will he earn in 4 months?

by Riku

4.7k points

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7 votes

Answer:

$1500

Explanation:

90000x.05=4500

4500/12=375

375x4=1500

The answer is$1500 Interest he will earn in 4 months

Tomdelahaba answered Jul 2, 2022

5.8k points

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