Samantha deposits $300 in an account that earns an annual interest rate of 2.5%.After 9 months, she computes the simple interest.
2007-09-06 14:05:09 · 7 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
$305.625
2007-09-06 14:11:23 · answer #1 · answered by fcbcbfez10 2 · 1⤊ 1⤋
I = Prt
I = interest
P = principles
r = rate
t = time in year
9months = 3/4 years
I = 300(.025)(3/4)
I =~ $5.63
the total amount is 300 + 5.63 = $305.63
2007-09-06 14:11:37 · answer #2 · answered by 7 · 1⤊ 0⤋
so she takes 0.025 x 0.75 x $300.00, and finds out she earned $5.63 (rounded up to the nearest penny).
2007-09-06 14:15:42 · answer #3 · answered by Don E Knows 6 · 1⤊ 0⤋
ya there isnt a question, there is nothing to find it give you the interest, principle, and time
2007-09-06 14:10:32 · answer #4 · answered by ang 1 · 0⤊ 1⤋
because the question is not complete
2007-09-06 14:10:01 · answer #5 · answered by Anonymous · 0⤊ 1⤋
There is no question.
.
2007-09-06 14:09:22 · answer #6 · answered by Robert L 7 · 0⤊ 1⤋
wat? if u want to get an answer ask a question
2007-09-06 14:15:34 · answer #7 · answered by Chris L 1 · 1⤊ 0⤋