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?​


  1. 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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    Happy Holidays!


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