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4 years ago

8

Nina deposited $3400 into a savings account that pays a simple annual interest rate of 2.2% how much interest will she earn afte

r 3 months?

1 answer:

leva [86]4 years ago

5 0

Total = principal * (1 + rate)^years
Total = 3,400 * (1.022)^.25
<span> <span> <span> 3,418.55 </span> </span> </span>
So, after 3 months, $18.55 in interest is earned.

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