Looks like D to me.
Sheesh!
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?
6 answers
Im sorry LOl, I forgot the answer choices..
$5.25
$52.50
$525.00
$0.53
$5.25
$52.50
$525.00
$0.53
If she earns $5.25 a month, the answer is obviously A.
If she earns 5.25% a month, then A is not the answer.
If she earns 5.25% a month, then A is not the answer.
Think about it
5% on $100 would be $5.00
so on a $1000 it would be $50
since it is a bit more than 5% , the only logical choice is $52.50
5% on $100 would be $5.00
so on a $1000 it would be $50
since it is a bit more than 5% , the only logical choice is $52.50
I agree with Reiny.
5.25% turns into 0.0525.
Then, you multiply 0.0525 and 1,000 together. This equals 52.50.
So, you would earn $52.50 at the end of the month in interest. So yes, I agree with Reiny, that the answer is B. I hope this helps! :)
5.25% turns into 0.0525.
Then, you multiply 0.0525 and 1,000 together. This equals 52.50.
So, you would earn $52.50 at the end of the month in interest. So yes, I agree with Reiny, that the answer is B. I hope this helps! :)
connexus
1)
all of the above
2)
change the percentage to a decimal then multiply the decimal against the amount
3)
$32.50
4)
$7.50 more
good luck :-)
1)
all of the above
2)
change the percentage to a decimal then multiply the decimal against the amount
3)
$32.50
4)
$7.50 more
good luck :-)
1 answer