sue has $400 in her saving account.if the bank pays her 6 1/2% interest,how much interest will sue earn? $26 is my answer right

Answer 1

Right again! You're on a roll! :-)

Answer 2

What am I doing incorrectly?
i get $2.60.
I know it's the decimal, but can you explain
Thanks

Answer 3

6 1/2% = 0.065

I multiplied: $400 * 0.065 = $26.00

Answer 4

I multipled
$400 * 6.50

I don't understand.

Answer 5

6 1/2 % is 6.5 parts of 100 or 6.5/100

You need to change the percent to a decimal by dividing: 6.5/100 = 0.065. Another way to do this is to move the decimal point two places to the left.

Answer 6

Ms. Sue is right.

6½% = 6.5% = .065

just as
8¼% = 8.25% = .0825

You have to move that decimal before multiplying.