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Fernando has $523.50 in his savings account.
His banks pays him 5 3/4% interest. If the interest is computed once per year how much interest will she make 1 year?


Sagot :

$523.5 multiplied by 0.0575 (which is 5 3/4%) is
$30.10125 

the total would be $553. 60125. 

It's simple interest. P=Irt 
Principal = Interest x rate x time