Answer:
21,400
Solving steps:
Since, Marie has $60,000 in a savings account that earns 7% interest per year.
Find: How much will she have in 4 months.
[tex] \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: solution[/tex]
Step 1: Find the money for the 7% rate
=> [tex] 60000 \times \frac{7}{100} [/tex]
=> [tex] \frac{60000}{1} \times \frac{7}{100} [/tex]
cancel the two zeros of 60,000 and 100
=> 600 × 7
=> 4,200
Add 4,200 to 60,000
=> 64,200
per year = 64,200
Now, divide 64,200 by 12
since 12 months to make one year
=> 64,200 ÷ 12
=> 5,350
now multiply it by 4 months she gets 5350 per month
=> 21,400
