If mary deposits $275 in principal at an interest rate of 3.2 percent, how much interest will she earn in one year

Mary earns interest in one year is $88 .

Step-by-step explanation:

Formula

As given

If Mary deposits $275 in principal at an interest rate of 3.2 percent .

Principle = $275

Rate = 3.2%

Time = 1 year

Putting all the values in the formula

Simple interest = $88

Therefore the Mary earns interest in one year is $88 .