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Fiona has $998 in her savings account. If the bank pays 2.5% simple interest on savings, how much does she earn in one year? A. $24.95 B. $399.20 C. $2,495 D. $294.86
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2 votes
Fiona has $998 in her savings account. If the bank pays 2.5% simple interest on savings, how much does she earn in one year?

A.
$24.95

B.
$399.20

C.
$2,495

D.
$294.86

User Xtravar
by
8.4k points

2 Answers

3 votes
Answer is A. $24.95

I just multiple 998 by 0.025 to get 24.95

2.5%=0.025
User Elvenbyte
by
7.9k points
0 votes
The answer would be A: $24.95
User Harsh Mangalam
by
7.4k points
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