Question

matt deposited $925.00 in a savings account that pays 7 o/o. how much interest will he earn in one year?

Answer 1

how to answer?

Answer 2

like what's the interest rate or whatever....

Answer 3

@2Pacfan10

Answer 4

Let's first convert 7% into a decimal
7% means = 7 out of 100

7/100 as a decimal is = 0.07

Answer 5

The goal of this problem is to multiply the amount of money by that decimal

925 times 0.07

Answer 6

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Angle
The goal of this problem is to multiply the amount of money by that decimal

925 times 0.07
\(\color{#0cbb34}{\text{End of Quote}}\)
ohhhh thats what the 7 o/o was for im dumb