brenyn13
brenyn13 brenyn13
  • 15-05-2017
  • Mathematics
contestada

If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 15-05-2017
Interest earned=principle×interest rate×time
I=prt
I=1,000×0.0525×1
I=52.5
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