SOLUTION: A woman deposited $650 in a savings account for one year. The rate of interest on the account was 5½%. How much was the interest for the year in dollars and cents?
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Question 971684: A woman deposited $650 in a savings account for one year. The rate of interest on the account was 5½%. How much was the interest for the year in dollars and cents?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=650*0.055*1
I=35.75
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