A woman has $450 in a bank account. She earns 5% interest on her end-of-month balance. How much interest will she earn for the month?

Question

asked Apr 23, 2021 50.5k views

1 Answer

Roshil K · Answer 1 · 2021-04-27T10:26:47+0000

Answer:

Total Money: $472.50 Amount earned from Interest: $22.50

Explanation:

$450 * 1.05 = $472.50 = Total Money

$472.50 - $450 = $22.50 = Money Earned from Interest