you have saved £900 for one year. what interest have you gained? wht is your new balance? the interest rate 4.2%
2007-02-16 20:59:09 · 6 answers · asked by kelly g 1 in Education & Reference ➔ Homework Help
900 X .042 will get the interest, then add that to the 900.
2007-02-16 21:03:33 · answer #1 · answered by Phartzalot 6 · 0⤊ 0⤋
Amount saved= 900
interest rate= 4.2%
Interest amount= 4.2/100x900
= 4.2x9=37.8
total amount= interest+ amount saved
= 900+37.8
=937.8
2007-02-17 05:51:47 · answer #2 · answered by surmy 2 · 0⤊ 0⤋
900 x 4.2%=
900 x .042=37.80+900=937.80
2007-02-17 04:09:40 · answer #3 · answered by Dave aka Spider Monkey 7 · 0⤊ 0⤋
I=prt where I=simple interest, p=principle, r=rate, t=time (annually).
I=(900)(0.042)(1)
I=37.80
New balance = 900+37.80
= 937.80
2007-02-16 21:13:08 · answer #4 · answered by spark the one, two, three 3 · 0⤊ 0⤋
£37 80 900X4 2%
2007-02-16 21:10:36 · answer #5 · answered by Gapie 1 · 0⤊ 0⤋
It's £937.80.
2007-02-16 21:09:34 · answer #6 · answered by Frank Furillo 5 · 0⤊ 0⤋