A woman has \(\$450\) in a bank account. She earns 5% interest on her end-of-month balance. How much interest will she earn for the month?

\(\$22.50\)

Explanation

Calculate 5% of 450USD: \(450 \mathrm{USD} \times 0.05=\$ 22.50\)

This is the amount of interest she will earn.

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