SOLUTION: Mr. Gardener has $300,000 in a deposit account and receives 8 1/3 % interest annually. What annual interest (in dollars) does he receive?

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Question 1101179: Mr. Gardener has $300,000 in a deposit account and receives 8 1/3 % interest annually. What annual interest (in dollars) does he receive?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
25/3=8 1/3
25/3*300000*1/100
25*1000=25000