lilcloudleslie5031 lilcloudleslie5031
  • 22-08-2022
  • Business
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What would be the yearly earnings for a person with 9000 in savings at an annual interest rate of 1.5 percent?

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abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 25-08-2022

What would be the yearly earnings for a person with 9000 in savings at an annual interest rate of 1.5 percent is: $135

Yearly earnings

Using this formula

Yearly earnings =Savings×Annual interest rate

Where:

Savings=9,000

Annual interest rate=1.5%

Let plug in the formula

Yearly earnings=9,000×1.5%

Yearly earnings =$135

Therefore what would be the yearly earnings for a person with 9000 in savings at an annual interest rate of 1.5 percent is: $135

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