How much interest would be earned on $3,700 in one year if it is invested at 4%?

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asked Mar 4, 2018 114k views

1 Answer

Chris Nicol · Answer 1 · 2018-03-09T03:29:39+0000

I'd say $148 because you convert the percent into a decimal so
4%= 0.04

Then you multiply $3,700•0.04 = $148

So I'd say the interest earned on $3,700 in one year would be $148

How much interest would be earned on $3,700 in one year if it is invested at 4%?

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