Pre algebra

posted by .

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 -

    1400 * 0.08 = 112

    You're right.

  • Pre algebra -

    It doesn't look right because for the last several years, savings accounts have earned less than 1% per year.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. 6 grade algebra

    cindy earns 6% simple interest each year on her savings account. if she has $850 in her account and leaves the money in there for 5 years. how much interest will the money earn?
  2. math

    Jill deposited $650 in a savings account with two percent simple interest. If she keeps it in the account for one year, how much interest will she earn?
  3. pre-algebra

    You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of $69.50 in interest. How much money did you invest in each account?
  4. pre algebra

    At the beginning of the year 2000, Bob put $100 in a savings account. The bank pays Bob 5% interest on his total savings at the end of each year including all interest added to the account. Assume the interest rate continues and Bob …
  5. Algebra

    I really need your help in solving this problem. I really appreciate your time and efforts. Here is the question: An amount of money invested for 1 year in a savings account will earn $ 1,500. The same amount of money invested in a …
  6. Pre-Algebra help PLZ!!

    Hassan deposited $7,500 into a bank account. At the end of 3 years, the account had earned $900 in simple interest. What rate of interest did the account earn per year?
  7. Math/Algebra

    Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple interest, and account B earned interest that was compounded annually. By the end of 2012, which account earned …
  8. Math/Algebra

    Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple interest, and account B earned interest that was compounded annually. By the end of 2012, which account earned …
  9. math. compounding interest

    regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?
  10. Math

    Mandi puts $20 in her savings account. The account pays 3% simple interest. How much interest will she earn in 2 years?

More Similar Questions