Homework Help: Pre algebra

Posted by Ben on Sunday, June 24, 2012 at 10:48pm.

Tasha has a savings account which earn 8% interest. If she has $1400 in her account, how much interest will she earn in one year?

I got $112.00 but it doesn't look right.

Pre algebra - Ms. Sue, Sunday, June 24, 2012 at 10:51pm
1400 * 0.08 = 112

You're right.
Pre algebra - Ms. Sue, Sunday, June 24, 2012 at 10:51pm
It doesn't look right because for the last several years, savings accounts have earned less than 1% per year.

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