Answer:
Option C is correct
$8.80
Step-by-step explanation:
Given the formula for interest:
[tex]\text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time}[/tex]
As per the statement:
If Mary deposits $275 in principal at an interest rate of 3.2 percent.
⇒Principal = $275 and Rate = 3.2% = 0.032
We have to find interest will she earn in one year.
⇒Time = 1 year
Substitute these in the formula we have';
[tex]\text{Interest} = 275 \times 0.032 \times 1 = \$ 8.80[/tex]
Therefore, $8.80 interest will she earn in one year
