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Eduardwww [97]
4 years ago
15

Samantha deposit 300 in an account that earns an annual interest rate of 2.5 after nine months she computes the simple interest.

What mistakes did Samantha make?
Mathematics
1 answer:
antiseptic1488 [7]4 years ago
4 0

Answer:

She is doing a mistake of calculating interest after 9 months in place of after 12 months.

Step-by-step explanation:

Samantha deposit $300 in an account that earns an annual interest rate of 2.5%.

Now, Samantha after nine months of deposit computes the simple interest.

She is doing a mistake of calculating interest after 9 months in place of after 12 months.

The calculation of interest should be on a yearly basis (i.e. 12 months) as the interest rate is 2.5% per year. (Answer)

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