jamalsanchez4295 jamalsanchez4295

20-03-2020
Mathematics

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Miss Lewis has $523.50 in her savings account. Her bank pays 5 3/4% if interest. If the interest is computed once per year, how much interest will she make in one year?

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Arshavin023 Arshavin023

23-03-2020

Answer:

Interest She'll make in a year is $30.10125

Step-by-step explanation:

Interest = PRT ÷ 100

Principal = $523.50

Rate = 5³/₄% = 5.75%

Time= 1year

Interest I = (523.50 × 5.75 × 1) ÷ 100 = $30.10125

Interest She'll make in a year is $30.10125

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