On june 1st, elena moore deposited $610 in a savings account at metro savings and loan association. at the end of november, her interest was computed at an annual interest rate of 4.5%. how much simple interest did her money earn? (provide a step by step on how you solved it, along with the answer ).

$2.26

Step-by-step explanation:

since we are using a simple interest rate, we must first determine the daily interest earned = 4.5% / 365 days = 0.0001232876

June has 30 days, so we just multiply the daily interest rate by 30 and then multiply again times $610 (account balance)

total interest earned = 0.0001232876 per day x 30 days x $610 = $2.26

step-by-step explanation:

12475909