Question

You put $8,595 into a savings account for 1 year earning 2.4% APR. How much interest will you earn at the end of the year?

Answer 1

Answer: You would earn $206.28 that year.

Step-by-step explanation: Remember, Intrest = principal x time x rate. That means the expression that would express this question would be 8,595 x 1 x 0.024. Therefore, the final answer is $206.28.