Respuesta :
b. 32.50
650 × .05 = 32.50 so perry will earn 32.50 of interest each month
650 × .05 = 32.50 so perry will earn 32.50 of interest each month
Answer:
Option (a) is correct.
The interest that Perry will earn each month on $650 is $ 2.70
Step-by-step explanation:
Given : Perry earns 5 percent simple interest annually on his savings account.
We have to determine the interest that Perry will earn each month on $650.
Since, Given Perry rate of interest is 5%
So , her monthly rate of interest will be [tex]\frac{5}{1200}[/tex]
Using Formula for Simple interest
[tex]S.I = P\times r\times t[/tex]
Thus, for principal $ 650 at rate of interest [tex]\frac{5}{1200}[/tex] for one month .
Perry interest will be,
[tex]S.I.=650\cdot\frac{5}{1200}\cdot1[/tex]
Simplify, we get ,
Simple interest = $ 2.70
Thus, The interest that Perry will earn each month on $650 is $ 2.70
