Jessica has an account with a credit union. Her account earns 2.4% simple interest yearly. Exactly a year and a half ago, she op ened her account with $900.
1 answer:
Answer:
$32.4
Explanation:
Jessica has an account with a credit union. Her account earns 2.4% simple interest yearly. Exactly a year and a half ago, she opened her account with $900.
How much interest has she earned so far?
Interest = Principal × rate × time
Principal = $900
Rate = 2.4% = 0.024
Time = 1.5 years
Interest = Principal × rate × time
= 900 × 0.024 × 1.5
= $32.4
Interest = $32.4
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