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Liam puts $1500 in a savings account at an annual interest rate of 3%. If Liam does not withdraw or deposit any money, what is the interest that Liam will earn at the end of eight months? $15 $60 $30 $360
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Liam puts $1500 in a savings account at an annual interest rate of 3%. If Liam does not withdraw or deposit any money, what is the interest that Liam will earn at the end of eight months?

$15


$60


$30


$360

User Psxls
by
5.6k points

2 Answers

2 votes

Answer:

The answer is 30

Hope this helps:)

Explanation:

User Student For Life
by
5.1k points
4 votes
The answer is $30 because 3% of 1500 is 45, and 2/3 of 45 is 30.
User Cristiano Araujo
by
5.0k points
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