Question

Jake earned $10.44 interest on his savings account for an 18 month period. What was the average amount of interest Jake earned on his savings account per month?

Answer 1

If I understand correctly, the 10.44 would be for the whole 18 months? And find out the amount for each month?

If that is what it being asked. Divide 10.44/18.

It's would be .58 cents a month

Answer 2

$0.58 per month.

Explanation:

Jake earned an interest on his savings account = $10.44

This amount he earned in the period of = 18 months

The average amount of interest Jake earned per month =
`(10.44)/(18)`

= $0.58 per month.

Jake earned $0.58 interest per month.