# 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.

## Similar Questions

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