M mr. Brown has $410,000 in a retirement account that earns 3.85% interest each year. Find the amount earned each year by his investment. How do you do this I don't understand?

Question

Mathematics

Cubby

10 February, 01:32

M mr. Brown has $410,000 in a retirement account that earns 3.85% interest each year. Find the amount earned each year by his investment. How do you do this I don't understand?

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Harrison · Answer 1

Ok you first turn percent into a decimal so 3.85 would become. 0385 then you multiply 410,000 by. 0385 and add your awnser to 410,000 to have your final awnser witch is 425,785