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What would be the yearly earnings for a person with $4,400 in savings at an annual interest rate of 3 percent
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What would be the yearly earnings for a person with $4,400 in savings at an annual interest rate of 3 percent

User Moteus
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1 Answer

3 votes

Answer:

$132

Step-by-step explanation:

Calculation for yearly earnings for a person with $4,400

Using this formula

Yearly earnings = Savings amount × Annual interest rate percentage

Where,

Savings amount =$4,400

Annual interest rate percentage =3%

Let plug in the formula

Yearly earnings = $4,400×0.03

Yearly earnings = $132

Therefore the Yearly earnings will be $132

User RobeN
by
6.0k points
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