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OpenStudy (anonymous):
Alice Tsongas deposited $600.00 in a new savings account.No other deposits or withdrawals were made. After 3 months the interest was computed at an annual rate of 3 and a half percent. How much simple interest did her money earn?
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OpenStudy (anonymous):
5.25
OpenStudy (anonymous):
3.5% is 0.035
OpenStudy (anonymous):
Ok good that's what I got when I multiplied the three. I just wanted to make sure
OpenStudy (anonymous):
k so you dont need explaination
OpenStudy (anonymous):
No, thank you though. :)
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