bewellplus.gsu.edu
Wilbugmkka Wilbugmkka
  • 05-11-2016
  • Mathematics
Answered

a woman put $580 into a savings account for one year. the rate of interest on the account was 6 1/2%. how much was the interst for the year in dollars and cents?

Verified Answer :

Anonymous Anonymous
  • 05-11-2016

The rate of interest is 6.5%, so multiply 580 by 6.5 then divide by 100 to get the answer. The amount of interest for the year is $37.7.

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bonniew5541
bonniew5541 bonniew5541
  • 05-11-2016

Interest=$580 x 6.5% 
=580 x 6.5/100 
=$37.70 
$37.70= 37dollars and 70 cents

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