SOLUTION: How much interest is earned on $52,000.00 at .30% for 3 months? Also, how much interest is earned on $52,000.00 at .40% for 3 months?
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Question 665939: How much interest is earned on $52,000.00 at .30% for 3 months? Also, how much interest is earned on $52,000.00 at .40% for 3 months?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=52000*0.003*.25
I=$39
-----------
I=52000*0.004*.25
I=$52
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