Question

if you place 1000 in a savings account with an interest rate of 3.25%/ month, how much should you earn in interest at the end of the month?

Answer 1

1000 * 0.0325 = $32.50

Answer 2

1000x3.25% = 1000x0.0325 =32.5
Just multiply the intrest rate with the amount which u hve submitted into the bank

Answer 3

I thought that's how you did it. But I wasn't sure because that seemed like a lot so I wanted to double check.

Answer 4

what double check??

Answer 5

If you placed 1000 in a savings account with an interest rate of 4.5%/ month versus an account with 3.75%/month how much more interest could you earn in that month?

Answer 6

simply u just do