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Orlov [11]
4 years ago
5

David opened a savings account that pays 1.7 percent interest annually. if his initial deposit is $250, how much interest will h

e earn in 3 months? $1.06 $4.24 $147.06 $42.50
Business
1 answer:
Agata [3.3K]4 years ago
4 0
The answer is $1.06
$250 x .017 = 4.25   
(1.7 percent = .017)
4.25 / 12 (months) = .354
.354 x 3 = 1.06
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