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Math question

Makana invested $500 in a simple interest account that had an interest rate that was 1% more than that of her friend Marlys. If Marlys earned $18 after one year from an investment of $450, how much would Makana earn in 1 year?

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Anonymous

Asked by Anonymous at 3:50 PM on Feb. 21, 2011 in

Answers (3)
  • $25
    Anonymous

    Answer by Anonymous at 3:52 PM on Feb. 21, 2011

  • I think $25. Marly earns .04 or 4 percent interest on her money. If Makana is at 5, then she will earn $25.

    It has been many, many years since I have been in the classroom, and I am assuming this is a simle APR situation.
    ImaginationMama

    Answer by ImaginationMama at 3:58 PM on Feb. 21, 2011

  • thanks so much that was the answer $25
    Anonymous

    Comment by Anonymous (original poster) at 4:25 PM on Feb. 21, 2011

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