Question

Deidre has 60,000 in savings account that earns 15% interest per year the interest is not compounded how much will she have in four months

Answer 1

Answer:222

Step-by-step explanation:

Answer 2

63,000

Explanation

A percent is always over a whole so 15% = .15

60000 • .15 = 9000 yearly

9000/12 = 750 monthly

750 • 4 months = 3000

60000 + 3000 = 63000

If you want to be more precise Change 12 into 365 days and multiply the result of 9000/12 by the average amount of days in four months.