SOLUTION: I received your paycheck and decided to save 10% my paycheck is in the amount of $2,500 i would like to calculate how much interest i would receive if i put the same amount into a

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: I received your paycheck and decided to save 10% my paycheck is in the amount of $2,500 i would like to calculate how much interest i would receive if i put the same amount into a       Log On

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Question 999734: I received your paycheck and decided to save 10% my paycheck is in the amount of $2,500 i would like to calculate how much interest i would receive if i put the same amount into a 3% interest bearing savings account 12 months after 12 months how much interest would i earn
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=250*0.03*1
I=$75