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12 March, 12:14

If you place $1,000.00 in a savings account with an interest rate of 3.25% / month, how much should you earn in interest at the end of the month?

$3.25

$32.50

$325.00

$0.33

+3
Answers (1)
  1. 12 March, 12:44
    0
    The answer is $32.50

    3.25% of $1,000.00 is $32.50, because (1000 x 3.25) / 100 = 32.5
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