SOLUTION: if my savings account give me 5% interest per year, how much interest is that per month?

SOLUTION: if my savings account give me 5% interest per year, how much interest is that per month?

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Question 590499: if my savings account give me 5% interest per year, how much interest is that per month?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
0.05/12 = 0.0042 = 0.42%
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Cheers,
Stan H.
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