suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year.
350 x 0.06 = interest in 1 yr.
4/12 of that is the interest in 4 months.
350 x 0.06 = interest in 1 yr.
4/12 of that is the interest in 4 months.
1 answer
1 answer
0 answers
3 answers