Question

William’s inheritance from his great uncle came to $225,000 after taxes. If William invests this money in a savings account at 7.3% interest, how much will he earn from the account each year?

Answer 1

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Answer 2

each year? it will be different each year, but the first year it will be 7.3% of 225,000 which is
\[.073\times 225,000 = \$16,425\]