Question

Howard opens a savings account with a deposit of 800. The bank will pay him 3percent interest per year.

a)how much interest will Howard receive at the end of 1/2year
b)how much interest will he receive at the end of 1 year

Answer 1

so 3 divided by 2 is 1.5 so in half a year he will recite 1.5% interest
so 12 interest back in 1/2 a year so 812
in a year he will recibe 3% interest back
so 24 interest back in a year do 824

a.) 812
b.) 824

Answer 2

800+1.5= $812

1.5%

Explanation: