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Angie has$90,000 in a savings account. The interest rate is 3% per year and is not compounded. How much interest will she earn in 8 months?

Angie has$90,000 in a savings account. The interest rate is 3% per year and is not compounded. How much interest will she earn in 8 months?
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Angie has$90,000 in a savings account. The interest rate is 3% per year and is not compounded. How much interest will she earn in 8 months?

asked
User Hyunji
by
7.8k points

1 Answer

4 votes


90000 * .03 = 2700 \\ 2700 / 12 = 225 \\ 225 * 8 = 1800
so it would be $1800.
answered
User LenPopLilly
by
7.3k points
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