Question

Alice’s savings account earns 3.75% interest per year. If she put $9,500 into the savings account, how much interest would be earned in a year?​ Answers 1. trucchi Hello, I hope you and your family are doing well! To calculate the amount of interest earned on a savings account, you can use the following formula: interest = principal * rate * time In this case, the principal is$9,500, the rate is 3.75%, and the time is 1 year. Plugging these values into the formula, we get:
interest = $9,500 * 3.75% * 1 year =$356.25
So, in a year, Alice would earn \$356.25 in interest on her savings account.
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