Register
Jaycee Alvarez deposits $425 in a savings account at City Bank. The account pays an annual interest rate of 5.5 percent. She makes no other deposits or withdrawals. After three months the interest is calculated.
121k views
2 votes
Jaycee Alvarez deposits $425 in a savings account at City Bank. The account pays an annual interest rate of 5.5 percent. She makes no other deposits or withdrawals. After three months the interest is calculated. How much simple interest does her money earn?

User Adel Nizamuddin
by
3.6k points

1 Answer

2 votes

Answer:

$70.125

Explanation:

First multiply $425*5.5/100*3 and you get:

$70.125

User Uhoh
by
4.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.7m answers

Other Questions

Before beginning voice lessons, Aubrey already knew how to sing 357 pieces, and she expects to learn 2 new pieces during each week of lessons. After 78 weeks of voice lessons, how many pieces will Aubrey
A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Please answer asap.......... ...
What value of x makes the following true? 2(x + 10) = 4( 2x - 1)
Link Copied!