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Lily is saving for her first car. She has $2,500 in a savings account that pays 4.25% annual interest.

Lily is saving for her first car. She has $2,500 in a savings account that pays 4.25% annual interest.
asked 166k views
3 votes
Lily is saving for her first car. She has $2,500 in a savings account that pays 4.25% annual interest.

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User Dendog
by
8.2k points

2 Answers

2 votes
The answer is 106.25.

You put 4.25 over 100 and x over 2500. Then cross multiply to get 106.25.
answered
User Slaporte
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8.1k points
4 votes
$106.25 is how much she is saving for her first car
answered
User Mpospelov
by
9.4k points
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