Question

Maria invests $600 in a bank account that earns simple interest. She earns $30 at the end of 12 months. Janae invests $350 at the same rate of interest for 12 months. How much money will Janae earn on her $350 investment after 12 months

Answer 1

I believe the answer is $17.50, she earned $30 off of $600 meaning she had a 5% interest rate and 5% of 350 is $17.50