answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Marion Chackan

Lvl 2
10mo ago

8.80

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If Mary deposits 275 in principal at an interest rate of 3.2 percent how much interest will she earn in one year?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who is the principal of the Spirtus Sanctus Academy in Plymouth?

The principal is Sr. Mary Samuel but she will be leaving next year on business so Sr. Maria Guadalupe will be the new principal.


How much interest will she receive in a year when a bank pays 10 percent interest pa on Mary's deposit account of 400?

10% of 400. = 40. So Mary will receive $40.00. To find ten percent of anything is real easy. All you have to do is move the decimal point one place to the left. 10% of 200.00 = 20 10% of 23.45 = 2.345 10% of 2.34 = .234 Naka sabut Ka?


Mary bought a red convertible for 14000 She paid 1000 down and borrowed the rest on a one year note at 15 percent interest How much will she owe at the end of one year?

"14,950" or "14,950.00" or "14950" or "14950.00"


Was the chief lady in waiting Mary Fleming to Mary queen of Scots?

One Elizabeth Kennedy was the principal Lady In Waiting to Mary, Queen of Scots and was one of two present at her execution. see the book entitled (Mary, Queen of Scots) for further information.


How did Mary Jane Patterson die?

Mary Jane Patterson died in 1894 of unknown causes. The influential African-American school teacher and principal taught until the time she died.


What has the author Mary Banach written?

Mary Banach has written: 'In whose best interest?' -- subject(s): Child welfare, Decision making


Of what Catholic School in Poughkeepsie was John McPhee the principal?

Our Lady of Mount Carmel, 1986-1990 St. Mary's, 1991-1993


What actors and actresses appeared in Their Interest in Common - 1914?

The cast of Their Interest in Common - 1914 includes: Thomas Colmensil as Count Costanni Myrtle Gonzalez as Mary


Was isla fisher in scooby doo?

yes. she played shaggy's love interest, Mary Jane


What actors and actresses appeared in Mary in Stage Land - 1912?

The cast of Mary in Stage Land - 1912 includes: Yale Benner as John Chase Walter Edwin as Manager of the Society Queen Mary Fuller as Mary Arthur Housman as The Principal Comedian Carey Lee as The Leading Lady Bliss Milford as Daisy


What is the difference between a subscribing witness and a credible witness in a notarial acts?

A subscribing witness is someone who adds their signature to a document when the principal signer is unable to sign, while a credible witness is someone who can attest to the identity of the principal signer when they do not have proper identification. Both types of witnesses play different roles in notarial acts in order to ensure the validity and authenticity of the document.


What has the author Mary M O'Beirne written?

Mary M. O'Beirne has written: 'The term structure of Irish and U.K. yield curves 1979 to 1988' -- subject(s): Interest rates