A woman put $580 into a savings account for one year. The rate of interest on the account was 6 1/2%. How much was the interest for the year in dollars and cents?( rounded to the nearest cent)
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Answer:
37.70 if it is simple interest
Step-by-step explanation:
SI=P T R/100
=580x1x6.5/100
=3770/100
=$37.7
nearest cent = $37.70
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