92. Jeremy has 5 400 dollars in his savings account. The bank pays 4.5% interest per year on his savings.
Let’s solve for the interest that he earned in one year.
=> 5 400 dollars = his total saving in his account
=> 4.5% = interest rate which is equals to .045
=> 5 400 dollars * .045 = 243 dollars
=> 5 400 dollars + 243 dollars = 5 643 dollars is the total money in his account after the annual interest rate.
92. Jeremy has 5 400 dollars in his savings account. The bank pays 4.5% interest per year on his savings. Let’s solve for the interest that he earned in one year. => 5 400 dollars = his total saving in his account => 4.5% = interest rate which is equals to .045 => 5 400 dollars * .045 = 243 dollars => 5 400 dollars + 243 dollars = 5 643 dollars is the total money in his account after the annual interest rate.
