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Carol has a savings account that earns .2 % interest annually. If the balance in her account is $6050.00, how much interest would she earn IN ONE YEAR

Carol has a savings account that earns .2 % interest annually. If the balance in her account is $6050.00, how much interest would she earn IN ONE YEAR
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Carol has a savings account that earns .2 % interest annually. If the balance in her account is $6050.00, how much interest would she earn IN ONE YEAR

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User Andrew Homeyer
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1 Answer

5 votes
A=6,050×(1+0.002)^(1)
=6,062.1
So interest earned is
6,062.1−6,050=12.1
answered
User Sfjac
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7.8k points
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