SOLUTION: If i have 500.00 in a savings account how much will i earn with 4.5% interest in one year

SOLUTION: If i have 500.00 in a savings account how much will i earn with 4.5% interest in one year

Algebra.Com

Question 660262: If i have 500.00 in a savings account how much will i earn with 4.5% interest in one year
Answer by ReadingBoosters(3246) (Show Source): You can put this solution on YOUR website!
Convert 4.5% into a decimal
4.5/100 = .045
(.045)x(500) = $22.50
RELATED QUESTIONS
"If you deposit $100 in a savings account, and earn 4% interest this year, how much money (answered by stanbon)

Angie has Php9500.00 in her savings account. If the bank pays 35% simple interest on... (answered by ikleyn)

Sharon invested $4,000 in a certificate of deposit at 5%. She also put $500 in a savings... (answered by sofiyac)

Sharon invested $4,000 in a certificate of deposit at 5%. She also put $500 in a savings... (answered by rfer)

If I have $4,000 in my savings account and the bank pays 4.5 INTEREST rate per year how... (answered by Math_Boss)

A savings account earns 4% annual interest compounded quarterly. How much interest would... (answered by Alan3354,stanbon)

taylor earns 2.1% simple interest per year on her savings. if she puts $500 into a... (answered by fractalier)

$23,000 deposit in savings account with 8% interest and compound 4 times a year how much... (answered by rfer)

If you had 1,000.00 in a savings account for one year, how much interest would you... (answered by jim_thompson5910)