Question

Timmy has deposited $900 in a savings account that pays 1.75 % interest. If Timmy leaves the money in the account for three years, how much interest will he earn each year AND in total?

Answer 1

Im assuming that it adds interest per month
$12 \times 3 = 36$
9=1%
15.75=1.75%
15.75 x 36 = answer