Answered

I’ll Give Brainliest .. SHOW WORK ! Brenda is trying to save money. She learned that her bank would pay her 5% on her money in her savings account if she had at least $1,000 in it. Brenda had $2,345 in her savings account at the end of the year. How much interest did Brenda get from her bank.

A) $117.25
B) $1,172.59
C) $1.72
D) $17.25

Answer :

A) $117.25
5% of $2,345 is $117.25
lvvies

Answer:

$117.25

Step-by-step explanation:

To solve, multiply the interest by the total amount in savings.

You can calculate simple interest in a savings account by multiplying the account balance by the interest rate by the time period the money is in the account. Here's the simple interest formula: Interest = P x R x N. P = Principal amount (the beginning balance).

Other Questions