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25 August, 03:08

A woman put $580 into a saving account for one year. the rate of interest on the account was 6 half

%. how much was the interest for the year in dollars and cents?

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  1. 25 August, 05:35
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    I don't know about American currency but, I think it is $617 and 70 cents like $617.70.

    6.5% = 6.5/100 = 0.065

    0.065 x 580 = 37.7

    $580 + $37.70 = $617.70
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