Sue has $400 in her savings account. If the bank pays her 6 1/2% interest, how much interest will Sue earn?
a) $260
b) $29.50
c) $26
d) 312
C???
Never mind, I figured it out :)
(d) $312
Dead chat
its been 12 years. wake up.
12 years... 7 years..of counting..... you're all grown up...maybe you're a lawyer, a doctor, a... influencer?.. but... one things for sure, you have a life now.
and you pay bills.
To calculate the interest that Sue will earn on her savings account, we need to multiply the amount of money she has in her account ($400) by the interest rate (6 1/2%).
First, we need to convert the fraction 6 1/2% to decimal form. To do this, divide 6 by 2, which equals 3. Then, divide 3 by 2, which equals 1.5. Finally, divide 1.5 by 100 to get 0.015.
Now we can calculate the interest. Multiply $400 by 0.015:
$400 * 0.015 = $6
Therefore, Sue will earn $6 in interest on her savings account, not $26 as option C suggests. None of the given answer choices are correct.