Question

caroline won $250,000 in a lottry. after paying $96,000 in taxes, she placed the remaining amount in a savings account at 2% interest rate. how much interest will the account earn after just 6 months?

Answer 1

18,480

Explanation:

you would fine how much she put in the bank in the first place!

250,000-96,000=154,000

Then you would do 154,000*0.02 to find how much interest is charged per month.

154,000*0.02=3080

Finally, you would multiply 3080 by 6 {because you need to account for all of the months}.

3080*6=18,480