A woman put $580 into a savings account for one year. The rate of interest on the account was 6½%. How much will she get at the end of the year
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Principal amount by women for savings = $ 580
duration = 1 year and rate of interest on it = 6 .1/2 % = 13/200
now amount of interest she'll be earning = $580 x 1 x 13 /200 = $37.7
that is 37 dollar 70 cents
100 cents = 1 dollar
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