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Amistad deposited $2,163.27 in a savings account that earns 3.9% simple interest. What will Amistad’s account balance be in nine months?
Question
Not Answered
Updated 4/25/2012 7:14:13 PM
1 Answer/Comment
Answer is $2,922.58

Required:
Compute for the end balance.

Formula
I=prt

Given:
P= 2,163.27
r=3.9%
t=9

Solution
I=$2,163.27 x 3.9% x 9
I= S759.31

End balance: P+I
End balance: P+I = $2,163.27 +759.31
End balance: $2,922.58
Added 4/25/2012 7:14:13 PM
This answer has been added to the Weegy Knowledgebase
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Asked 4/25/2012 6:34:01 PM
0 Answers/Comments
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