A woman put $580 into a savings account for one year. the rate of interest on the account was 6 1/2%. how much was the interst for the year in dollars and cents?

Question

27 August, 00:43

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Answers (2)

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Archer · Answer 1

The rate of interest is 6.5%, so multiply 580 by 6.5 then divide by 100 to get the answer. The amount of interest for the year is $37.7.

Andy Mays · Answer 2

Interest=$580 x 6.5%

=580 x 6.5/100

=$37.70

$37.70 = 37dollars and 70 cents