SOLUTION:
A customer has a balance of $1,350. Interest is paid at the end of 12 months. Assuming the balance remains at $1,350 for all 12 months, how much interest will be earned after 12
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Question 486974:
A customer has a balance of $1,350. Interest is paid at the end of 12 months. Assuming the balance remains at $1,350 for all 12 months, how much interest will be earned after 12 months if the interest rate on the account is 5.5%?
Answer by brockcoartney(1) (Show Source): You can put this solution on YOUR website!
$1350 x 5.5= $74.25 in earned interest
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