Joni’s total interest earned is 0.125% of her investment.
Solution:
Given that
Interest earned by Joni per day = $0.625
Investment done by Joni = $1000
Duration of earning interest = 2 days
Total interest earned = interest earned by Joni [tex]\times[/tex] duration of interest earned.
= 0.625 [tex]\times[/tex] 2 = $1.25
[tex]\text { Percentage of interest earned }=\frac{\text {total interest earned}}{\text {investment done}} \times 100[/tex]
[tex]=\frac{125}{1000} \times 100=0.125 \%[/tex]
So Joni’s total interest earned is 0.125% of her investment.
