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If Mary deposits 275 in principal at an interest rate of 3.2 percent how much interest will she earn in one year?
Wiki User
∙ 13y ago
Before she chooses a bank and deposits her money, Mary should shop around first.
There are different kinds of interest.
At 3.2% . . .
If it's simple interest, her money will earn $ 8.80 .
If it's compounded quarterly, it earns $ 8.91 in one year.
If it's compounded monthly, it earns $ 8.93 .
If it's compounded daily, it earns $ 8.94 .
Also, by the way, notice that Mary doesn't earn the interest. Her invested money does.
Wiki User
∙ 13y ago
Marion Chackan
8.80
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Mary is experimenting with chemicals in the laboratory She mixes a solution that is 10 percent acid with a solution that is 25 percent acid How much of the 10 percent acid solution will be needed to m?
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