1) Sue has $400 in her savings account. If the bank pays her 6 1/2% interest, how much interest,will sue earn? -

1) Sue has $400 in her savings account. If the bank pays her 6 1/2% interest, how much interest,will sue earn? 2) Daniel has a money market account with 1,200. The bank offered him a special rate of 5.25% per month. how much money will daniel have after the first month 3) Emily wants a new dress. she has only $30 to spend. she lives in Florida where the sales tax is 5%. about (estimate) how much can the dress cost if she wants to spend all her money|::::|If it is quot;simple interestquot; the formula is I=p*r*t. If the interest is compounded, the answers and formulas would be different. You d need to know how often the interest is compounded. For question 1 you need to know how how long Sue has the $400 in the bank. First convert the interest rate to a decimal format. You do that by dividing by 100. You d get the answer like this: I=400*.065*(time the money is in the bank) For question 2 you get the answer like this I =1200*.0525*1(month). The interest is $63 For question 3, first convert the tax rate to a decimal format. 5/100 or .05 The tax paid = cost * tax rate or 30 * .05. or $1.50 Hope this helped.|::::|LOL! What bank are these people with? :-)