Answer:
She is doing a mistake of calculating interest after 9 months in place of after 12 months.
Step-by-step explanation:
Samantha deposit $300 in an account that earns an annual interest rate of 2.5%.
Now, Samantha after nine months of deposit computes the simple interest.
She is doing a mistake of calculating interest after 9 months in place of after 12 months.
The calculation of interest should be on a yearly basis (i.e. 12 months) as the interest rate is 2.5% per year. (Answer)
