If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much
should you earn in interest at the end of the month?
(1 point)
$5.25
$52.50
$525.00
$0.53

Question

If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much
should you earn in interest at the end of the month?
(1 point)
$5.25
$52.50
$525.00
$0.53

templeguy · Answer

If you place $2,000.00 in a savings account with an interest rate of 4.5%/month versus an
account with a rate of 3.75%/month, how much more interest could you earn in that month
using the first account?
(1 point)
$2.50 more
$25.00 more
$15.00 more
$150.00 more

mertsj · Answer

Interest = principal x rate x time