chloe425 chloe425

09-06-2019
Mathematics

contestada

RACTICL
n set
1. How much interest is earned in 9 months on a deposit of
$7000 at 8 percent simple interest?

Respuesta :

Аноним Аноним

09-06-2019

Answer:

$420

Step-by-step explanation:

Principal = $7000

Rate = 8%

Time = 9 months

9 months = 3/4 or 0.75 of a year

Simple Interest = Principal * Rate * Time ÷ 100

= $7000 * 8% * 0.75 ÷ 100

= $420

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