## Ms.Wright opens a savings account with a deposit of $800. The bank will pay her 3% interest per year A.) how much interest will Ms.Wright re

Question

Ms.Wright opens a savings account with a deposit of $800. The bank will pay her 3% interest per year A.) how much interest will Ms.Wright receive at the end of 1/2 year B.) how much interest will she receive at the end of 1 year

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Math
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2021-10-01T22:04:17+00:00
2021-10-01T22:04:17+00:00 1 Answer
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## Answers ( )

A) Ms.Wright receive $12 as interest at the end of 1/2 year.B) Ms.Wright receive $24 as interest at the end of 1 year.Step-by-step explanation:The sum deposited in the bank = Principle = $800

The rate of simple interest = 3%

The time = 6 months = (6/12) years = 0.5 years

So, here simple interest = $12.

So Ms.Wright receive $12 as interest at the end of 1/2 year.B) Now here Time = 1 year

so, Simple interest =

So Ms.Wright receive $24 as interest at the end of 1 year.