Question

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.

Answer 1

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