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OpenStudy (anonymous):
You are creating an emergency fund and decide to place $415/month in an account that earns a 3.75%APR. How much interest accrues by the end of the first full month?
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OpenStudy (anonymous):
P = 415 r = 0.0375 t = 1/12 so $1.30
OpenStudy (anonymous):
Probably a dumb question but what do you do with each step? I don't understand how you used the 1/2 to get the answer. @charlie7770
OpenStudy (anonymous):
hey what did you get for the second question?
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