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15 January, 03:58

A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?

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Answers (2)
  1. 15 January, 04:10
    0
    To find the answer we simply have to find 12% of 58,800. So to do that, we can multiply it by. 12

    58,800 •.12 = 7,056

    So $7,056 is earned per year
  2. 15 January, 05:02
    0
    Answer: $58,000 = 12% = $65,856
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