SOLUTION: A woman put $580 into a savings account for one year. The rate of interest on the account was 68%. How much was the interest for the year in dollars and cents? (Round to the neares

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: A woman put $580 into a savings account for one year. The rate of interest on the account was 68%. How much was the interest for the year in dollars and cents? (Round to the neares      Log On


   

Question 1064498: A woman put $580 into a savings account for one year. The rate of interest on the account was 68%. How much was the interest for the year in dollars and cents? (Round to the nearest cent)
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
If you mean 68%, I=0.68%28580%29=39.44
If you mean 6.8%, I=0.068%28580%29=3.94