herliz182 herliz182
  • 26-11-2020
  • Mathematics
contestada

Jason invests $325 in a bank account. The bank has an annual
interest rate of 24%. How much interest did his investment earn
after one year?

Respuesta :

kkycaf9mxt kkycaf9mxt
  • 26-11-2020

Answer:

$78 in interest.

Step-by-step explanation:

Answer Link
meowmeow223334
meowmeow223334 meowmeow223334
  • 26-11-2020
Use formula A = P(1+r) ^ t
P = 325, r = 0.24, t = 1
A = 325(1 + 0.24)
A = 325(1.24)
A = 403
He earns $403
Answer Link

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