Asked by Anonymous

Another bank offers a different savings rate. If an account with $400 earns interest of $6, how much interest is earned by an account with $1800?

Answers

Answered by Reiny
Just use a simple ratio equation

x/6 = 1800/400
x = 27

or

rate for the account = 6/400 = .015

so for the $1800 , interest = .015(1800) = 27
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