Question

Maria Invests $600 in a bank account that earns simple interest. She earns $30 at the end of 12 months . Janae invest $350 at the same rate of interest for 12 months

Answer 1

Answer: $ 17.50

Step-by-step explanation:

Answer 2

The money that will Janae earn on her $350​ investment after the 12​ months is $17.50.

Calculation of the money;

Since the Maria Invests $600 in a bank account that earns simple interest. She earns $30 at the end of 12 months.

So here the rate of interest should be

$30 = (600) (1) r\div 100$

r = 5%

Now the money should be like

$= 35\div 2$

= $17.50

Hence, The money that will Janae earn on her $350​ investment after the 12​ months is $17.50.

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