Question

M mr. Brown has $410,000 in a retirement account that earns 3.85% interest each year. Find the amount earned each year by his investment. How do you do this I don't understand?

Answer 1

Ok you first turn percent into a decimal so 3.85 would become .0385 then you multiply 410,000 by .0385 and add your awnser to 410,000 to have your final awnser witch is 425,785