Posted by **Karen** on Friday, July 27, 2007 at 9:07pm.

suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year.

350 x 0.06 = interest in 1 yr.

4/12 of that is the interest in 4 months.

## Answer This Question

## Related Questions

- math - Suppose you deposit $350 in a bank account that pays 6% annual simple ...
- Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
- Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
- MATH - A customer has a balance of $1,350. Interest is paid at the end of 12 ...
- College alerbra - Scott invested a total of $9500 at two separate banks. One ...
- Business Algebra - You invest $20,000 in two accounts. Account A earned 4.5% ...
- Math - Nico was stunned when he opened the mail. Here was a check for $322.50! ...
- algebra - A total of $6200 is deposited into two simple interest accounts. On ...
- pre-algebra - You split $1500 between two savings accounts. Account A pays ...
- Math/Algebra - Jeremy opened two saving accounts at the beginning of 2010, each...

More Related Questions