Answered

IDNLearn.com makes it easy to get reliable answers from experts and enthusiasts alike. Our platform offers comprehensive and accurate responses to help you make informed decisions on any topic.

Jessica has an account with a credit union. Her account earns 2.4% simple interest yearly. Exactly a year and a half ago, she opened her account with $900.

Sagot :

Adioabiolaidn

Answer:

$32.4

Explanation:

Jessica has an account with a credit union. Her account earns 2.4% simple interest yearly. Exactly a year and a half ago, she opened her account with $900.

How much interest has she earned so far?

Interest = Principal × rate × time

Principal = $900

Rate = 2.4% = 0.024

Time = 1.5 years

Interest = Principal × rate × time

= 900 × 0.024 × 1.5

= $32.4

Interest = $32.4

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.