Question

if you place 1 000.00 in a savings account with an interest rate of 3.25%/ month, how much should you earn in interest at the end of the month
A- $3.25
B-$32.50
C-325.00
D-$0.33

Answer 1

The answer is B.

3.25/100 = 0.0325

1,000 x 0.0325= 32.50

Answer 2

B is your answer.

(1000x0.0325)/100= 32.50.

Hope this helps & good luck. :)