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?

Question

kira_yamato · Answer

1000 * 0.0325 = $32.50

hesan · Answer

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

anonymous · Answer

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.

hesan · Answer

what double check??

anonymous · Answer

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?

hesan · Answer

simply u just do |dw:1382967659409:dw|