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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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Weegy: Arnold's account balance after 7 years will be 870.574. To compute for the interest, Principal amount multiply by Interest multiply by number of years. (More)
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Asked 4/25/2012 6:34:01 PM
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Tsunami warning systems that utilize satellite technology to send an alarm have recently been developed and installed. These systems are one example of how A. technology and communication networks can impact global issues. B. technology can solve global issues such as undersea earthquakes. C. nations refuse to share technology and work together on global issues. D. global issues and disasters are sensationalized by new media technology.
Weegy: The answer is A. technology and communication networks can impact global issues. User: What do many economists consider to be the most important reason for studying economics? A. to lower opportunity costs B. to solve the problem of scarcity C. to increase the amount of available capital D. to explain the workings of the stock market (More)
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