Question

Alice earned $622.50 in interest on her savings in the bank. Before interest, the account had $12,450. What is the approximate percent she earned in interest? 3% 5% 7% 10%

Answer 1

5%. 12450 x .05 = 622.5 or $622.50 

Answer 2

to get the Number of percent, divide
$\frac{p}{g} \\ so \: \frac{622.5}{12450} \\ = 0.05$
multiply by 100 and you get 5%