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25 November, 18:47

Find the simple interest, I, and the balance earned or due.

800$ at an annual rate of 8% for 9 months.

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  1. 25 November, 18:56
    0
    I=PRT

    I=interest

    P=principal

    R=rate in deciaml

    t=time in years

    12 months per year

    I=800 (0.08) (9/12)

    I = (64) (3/4)

    I=48

    interest earned is $48
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