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28 November, 09:05

Andy deposited $1,567.12 in a savings account that earns 1.9% simple interest. What will Andy's account balance be in nine months?

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  1. 28 November, 09:07
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    nine months = 9/12 = 0.75

    A = P (1 + rt)

    A = $1,567.12 (1 + 0.019 * 0.75)

    A = $1,567.12 (1 + 0.01425)

    A = $1,567.12 (1.01425)

    A = $1589.45

    answer

    Andy’s account balance be in nine months will be $1589.45
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