grossjoann grossjoann

25-03-2018
Mathematics

contestada

Your fixed expenses are 1,151.65 month. you saved 4 months worth in an emergency fund.You invest 100% of the emergency fund in a savings account at3.3% apr. what is the interest after 60days

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sqdancefan sqdancefan

25-03-2018

I = Prt
I = (4*1151.65)*0.033*(60/360)
I = 25.34

The interest after 60 days is 25.34.

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