SOLUTION: Suppose you deposit 181 dollars in a savings
account that pays an annual rate of 5%.
Interest = (Deposit)(rate)(time)
,
where the rate is a decimal and time is in
years.
How
Algebra.Com
Question 807545: Suppose you deposit 181 dollars in a savings
account that pays an annual rate of 5%.
Interest = (Deposit)(rate)(time)
,
where the rate is a decimal and time is in
years.
How much interest would you earn in
10 months?
Answer in units of dollar
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=181*0.05*10/12
I=$7.54
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