Question

6. On a bank account of $2,500, how much yearly interest will be paid if the rate is3.4%?

(A) $735.30 stello
(B) $73.53
(C) $8.50
(D) $85.00
(E) $850.00

Answer 1

Multiply the amount in the account by the interest rate:

2500 x 0.034 = 85.00

Answer: $85.00