Question

A woman put $580 into a savings account for one year. The rate of interest on the account was 6%. How much was the interest for the year in dollars and cents?

Answer 1

Answer:

$34 and 80 cents

Step-by-step explanation:

S.I. = P * R * T / 100

= $580 * 6 * 1 /100

= $34.8

Thus the interest was $34 and 80 cents.