Question

Alex has $30,000 in his savings account that earns 10% annually.

Part A
How much interest will he earn in one year?
Interest = $____

Part B
If Alex spends 20% of the interest received on buying furniture for his new house, what amount did he spent on furniture?
Answer: $_____

Answer 1

Part A:

.1 x 30,000 = 3000

$33,000

Part B:

.2x3000 = 600

$600

Answer 2

Part A .10 * 30000 = 3,000
Part b .20 *3000=$600