Joni earned $0.625 per day for two days as interest on her $1,000.00 investment. What percent interest did she earn in total? Gi
1 answer:
Joni’s total interest earned is 0.125% of her investment.
<u>Solution:</u>
Given that
Interest earned by Joni per day = $0.625
Investment done by Joni = $1000
Duration of earning interest = 2 days
Total interest earned = interest earned by Joni duration of interest earned.
= 0.625 2 = $1.25
So Joni’s total interest earned is 0.125% of her investment.
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