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mirbydolkarodreann mirbydolkarodreann
  • 26-02-2017
  • Mathematics
Answered

Alice has 300 dollars in her savings account that earns 5% annually the interest is not compounded how much interest will she earn in one year

Verified Answer :

olajide
olajide olajide
  • 28-02-2017

$300 in saving account that earn 5%
5/100 x 12=3/5 =0.6
300+0.6=$300.6
3.006%
3.006% in one year

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