Our live online math tutors can help you with interest word problems.
Our live online math tutors can help you with simple interest word problems.
Word Problem #3235
On May 1 Gerry opened a savings account that paid 4.5% interest at Forever Broke Savings Band with a deposit of $600. Ten days later he deposited $1000. Five days later he deposited $500. No other deposits or withdrawls wew made. Fifteen days later the bank calculated the daily interest.
a. How much simple interest did he earn?
b. How much was the account at the end of the 30 days?
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