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A woman deposit $600 into an account that pay 5 1/4% interest per year. How much interest will she recieve in one year ?

A woman deposit $600 into an account that pay 5 1/4% interest per year. How much interest will she recieve in one year ?
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5 votes
A woman deposit $600 into an account that pay 5 1/4% interest per year. How much interest will she recieve in one year ?

User DiederikEEn
by
8.3k points

1 Answer

5 votes

Answer:

$31.5

Explanation:

Intrest = P. A. * Intrest Rate * Time

Intrest = 600 * 5.25 /100 = 31.5

User Sangeet Shah
by
8.5k points
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