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16 August, 05:42

Chaney deposits $1435.73 into a savings account that pays a simple annual interest rate of 1.32%. How much interest will she earn after 3 years?

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  1. 16 August, 05:57
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    Answer: 56.85

    Step-by-step explanation:

    $1435.73 x 0.0132 x 3 = 56.854908

    You get the 0.0132 by using 1.32% and moving the decimals two place to the left to get 0.0132.

    I took the test and got it right!
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