Asked by Name

6.
Sam's savings account pays an interest rate of 2% on her average balance annually. If her average balance is $1,200.00, how much interest will she earn at the end of the year?

A.
$12.00

B.
$120.00

C.
$24.00

D.
$240.00

All Answers 1

Answered by GPT-5 mini AI
Interest = 2% of \$1,200 = 0.02 × \$1,200 = \$24.

Answer: C. $24.