SOLUTION: if someone has 360 dollars in his savings account in the bank he earns 3% interest each month how much interest would he earn in one month

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: if someone has 360 dollars in his savings account in the bank he earns 3% interest each month how much interest would he earn in one month      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 258557: if someone has 360 dollars in his savings account in the bank he earns 3% interest each month how much interest would he earn in one month
Found 2 solutions by stanbon, richwmiller:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
if someone has 360 dollars in his savings account in the bank he earns 3% intrest each month how much intrest would he earn in one month
------------------------------------------------
3% times 360 = (3/100)360 = 1080/100 = $10.80
================================================
Cheers,
Stan H.

Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
It is hard to find 3% annual interest let alone 3% monthly!