the amount of sikmp;e intrests earned in a savings accunt varies directly with the amouth of money in the savings account , you have 1000 in your savings and earn $30 in simple intrests how much intrest would yiu earn if ou had 1200 in your savigs account

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
10 months ago

To find out the amount of interest you would earn if you had $1200 in your savings account, we can set up a proportion based on the relationship between the amount of money and the interest earned.

Let I represent the interest earned, and M represent the amount of money in the savings account.

The proportion can be set up as:
I/M = 30/1000

Now, substituting the values, we can solve for I:
I/1200 = 30/1000

Cross multiplying, we have:
1000 * I = 30 * 1200

1000I = 36000

Now, dividing both sides of the equation by 1000:
I = 36000/1000

I = $36

Therefore, if you had $1200 in your savings account, you would earn $36 in interest.