0.625. I hope i could help.
I tried working it out but I am not sure
Answer:
54
Step-by-step explanation:
rgefgyhjkdguiofguioWEGRFIUG
Nice story.
We suppose the question is, "what is the amount of interest Matt will be paid?"
The formula that applies is
I = Prt
I = $550*0.03*1 = $16.50
Matt will be paid $16.50 in interest for the year.