Jeremy has $5,400 in his savings account. Ifthe bank pays 4.5% interest per year on savings, how much interest does he earn in one year

92. Jeremy has 5 400 dollars in his savings account. The bank pays 4.5% interest per year on his savings. Let’s solve for the interest that he earned in one year. = > 5 400 dollars = his total saving in his account = > 4.5% = interest rate which is equals to. 045 = > 5 400 dollars *.045 = 243 dollars = > 5 400 dollars + 243 dollars = 5 643 dollars is the total money in his account after the annual interest rate.