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3 years ago

5

Your savings account pays 1.75% interest per year. You make a $500 deposit. How much interest does the account earn in the first

month.

2 answers:

GaryK [48]3 years ago

8 0

1,75% = 0,0175

per month: 0,0175/12 = 0,00145833

500*0,00145833 = 0,73$ interest

Mazyrski [523]3 years ago

3 0

Answer: $73

Step-by-step explanation:

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