Question

Your fixed expenses are 1,151.65 month. you saved 4 months worth in an emergency fund.You invest 100% of the emergency fund in a savings account at3.3% apr. what is the interest after 60days

Answer 1

Answer: approx. $24.99

Explanation:

($1,151.65)(5 months)=$4,606.60

($4,606.60)(.033)(60/365)=$24.99

hope this is the answer ur looking for. gl

Answer 2

I = Prt
I = (4*1151.65)*0.033*(60/360)
I = 25.34

The interest after 60 days is 25.34.