maddeng9271 maddeng9271
  • 09-06-2017
  • Business
contestada

Toby's average balance checking account pays simple interest of 2.4% annually, and he made $3.25 in interest last month. what was toby's average balance last month?

Respuesta :

stephx123 stephx123
  • 12-06-2017
2.4% annually is 0.2% monthly

0.2% if X = 3.25

x = $1625
Answer Link
kylemwhite16
kylemwhite16 kylemwhite16
  • 08-10-2019

Answer:

$1625

Explanation:

Answer Link

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