asked 26.7k views
1 vote
Alice earned 622.50 on her saving in the bank. Before interest the account had 12,450. What is the approximate percent she earned in interest

asked
User Danatron
by
8.6k points

1 Answer

4 votes
The answer is, Pct Interest = 100% * (money earned from interest)/(original bank balance) = 100% * 622.50/12,450 = 5%
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