Register

Fiona has $998 in her savings account. If the bank pays 2.5% simple interest on savings, how much does she earn in one year? A. $24.95 B. $399.20 C. $2,495 D. $294.86

Fiona has $998 in her savings account. If the bank pays 2.5% simple interest on savings, how much does she earn in one year? A. $24.95 B. $399.20 C. $2,495 D. $294.86
asked 65.5k views
2 votes
Fiona has $998 in her savings account. If the bank pays 2.5% simple interest on savings, how much does she earn in one year?

A.
$24.95

B.
$399.20

C.
$2,495

D.
$294.86

asked
User Xtravar
by
8.4k points

2 Answers

3 votes
Answer is A. $24.95

I just multiple 998 by 0.025 to get 24.95

2.5%=0.025
answered
User Elvenbyte
by
7.9k points
0 votes
The answer would be A: $24.95
answered
User Harsh Mangalam
by
7.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!