Ask Question
28 September, 19:55

Debbie has $413,640 in a savings account that earns 12.1 % annually. The interest is not compounded. How much interest will she earn in 9 months?

+4
Answers (1)
  1. 28 September, 20:17
    0
    P = 413640, r = 12.1% per year = 0.121, time = 9months = 9/12 = 3/4 = 0.75 year.

    I = Prt

    I = 413640 * 0.121*0.75 = 37 535.83

    Interest = $37,535.83
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Debbie has $413,640 in a savings account that earns 12.1 % annually. The interest is not compounded. How much interest will she earn in 9 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers