Perry earns 5 percent simple interest annually on his savings account. how much interest will perry earn each month on $650? a. $2.70 b. $32.50 c. $682.50

Option (a) is correct.

The interest that Perry will earn each month on $650 is $ 2.70

Step-by-step explanation:

Given : Perry earns 5 percent simple interest annually on his savings account.

We have to determine the interest that  Perry will earn each month on $650.

Since, Given Perry rate of interest is 5%

So , her monthly rate of interest will be

Using Formula for Simple interest

Thus, for principal $ 650 at rate of interest for one month .

Perry interest will be,

Simplify, we get ,

Simple interest = $ 2.70

Thus, The interest that Perry will earn each month on $650 is $ 2.70

the answer is. -82562234434584

step-by-step explanation:

1/3 + 1/5 = 8/15.

step-by-step explanation:

hope it