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3 years ago

9

A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?

2 answers:

Drupady [299]3 years ago

8 0

Answer: $58,000 = 12% = $65,856

seraphim [82]3 years ago

5 0

To find the answer we simply have to find 12% of 58,800. So to do that, we can multiply it by .12

58,800 • .12 = 7,056

So $7,056 is earned per year

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